{smcl}
{com}{sf}{ul off}{txt}{.-}
      name:  {res}<unnamed>
       {txt}log:  {res}/Users/LeeJoonHyeok/Desktop/Financial Liberalization/Replication log.smcl
  {txt}log type:  {res}smcl
 {txt}opened on:  {res}23 Nov 2023, 13:19:25

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. cd "/Users/LeeJoonHyeok/Desktop/Financial Liberalization" // change working directory
{res}/Users/LeeJoonHyeok/Desktop/Financial Liberalization
{txt}
{com}. use "Replication_main.dta", clear
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtset ccode year
{res}
{col 1}{txt:Panel variable: }{res:ccode}{txt: (strongly balanced)}
{p 1 16 2}{txt:Time variable: }{res:year}{txt:, }{res:{bind:1965}}{txt: to }{res:{bind:2005}}{p_end}
{txt}{col 10}Delta: {res}1 unit
{txt}
{com}. global controls targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg underimf
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 i.l.sanction_onset i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2112{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0252{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0171{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}151{txt}){col 67}={col 70}{res}     5.53
{txt}corr(u_i, Xb) = {res}-0.9279{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 82:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 1}     ckaopen2010{col 18}{c |} Coefficient{col 30}  std. err.{col 42}      t{col 50}   P>|t|{col 58}     [95% con{col 71}f. interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
L.sanction_onset {c |}
{space 14}1  {c |}{col 18}{res}{space 2}-.0613243{col 30}{space 2} .0724993{col 41}{space 1}   -0.85{col 50}{space 3}0.399{col 58}{space 4}-.2045682{col 71}{space 3} .0819197
{txt}{space 16} {c |}
{space 5}1.democracy {c |}{col 18}{res}{space 2}-.1433983{col 30}{space 2} .1526525{col 41}{space 1}   -0.94{col 50}{space 3}0.349{col 58}{space 4}-.4450089{col 71}{space 3} .1582124
{txt}{space 4}targ_pop_log {c |}{col 18}{res}{space 2}-1.682973{col 30}{space 2} .4670108{col 41}{space 1}   -3.60{col 50}{space 3}0.000{col 58}{space 4}-2.605692{col 71}{space 3}-.7602533
{txt}{space 2}targ_gdppc_log {c |}{col 18}{res}{space 2} .2089875{col 30}{space 2} .2288292{col 41}{space 1}    0.91{col 50}{space 3}0.363{col 58}{space 4} -.243133{col 71}{space 3} .6611081
{txt}{space 2}targ_gdpgrowth {c |}{col 18}{res}{space 2}  .618041{col 30}{space 2} .2700101{col 41}{space 1}    2.29{col 50}{space 3}0.023{col 58}{space 4} .0845554{col 71}{space 3} 1.151527
{txt}{space 4}lntrade_open {c |}{col 18}{res}{space 2}   .16267{col 30}{space 2} .1518539{col 41}{space 1}    1.07{col 50}{space 3}0.286{col 58}{space 4}-.1373628{col 71}{space 3} .4627029
{txt}{space 13}peg {c |}{col 18}{res}{space 2}-.1006893{col 30}{space 2} .0973558{col 41}{space 1}   -1.03{col 50}{space 3}0.303{col 58}{space 4}-.2930447{col 71}{space 3} .0916661
{txt}{space 8}underimf {c |}{col 18}{res}{space 2}-.0199626{col 30}{space 2} .0797475{col 41}{space 1}   -0.25{col 50}{space 3}0.803{col 58}{space 4}-.1775277{col 71}{space 3} .1376024
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1971  {c |}{col 18}{res}{space 2} .1316441{col 30}{space 2} .0606889{col 41}{space 1}    2.17{col 50}{space 3}0.032{col 58}{space 4}  .011735{col 71}{space 3} .2515531
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .1358148{col 30}{space 2} .0689201{col 41}{space 1}    1.97{col 50}{space 3}0.051{col 58}{space 4}-.0003575{col 71}{space 3}  .271987
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .2071668{col 30}{space 2} .0886128{col 41}{space 1}    2.34{col 50}{space 3}0.021{col 58}{space 4} .0320857{col 71}{space 3}  .382248
{txt}{space 11}1974  {c |}{col 18}{res}{space 2}  .215183{col 30}{space 2} .1324676{col 41}{space 1}    1.62{col 50}{space 3}0.106{col 58}{space 4}-.0465464{col 71}{space 3} .4769124
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .2867737{col 30}{space 2} .1359522{col 41}{space 1}    2.11{col 50}{space 3}0.037{col 58}{space 4} .0181595{col 71}{space 3} .5553879
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .2536001{col 30}{space 2} .1425229{col 41}{space 1}    1.78{col 50}{space 3}0.077{col 58}{space 4}-.0279964{col 71}{space 3} .5351966
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3138318{col 30}{space 2} .1556046{col 41}{space 1}    2.02{col 50}{space 3}0.045{col 58}{space 4} .0063884{col 71}{space 3} .6212752
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .3855905{col 30}{space 2} .1739528{col 41}{space 1}    2.22{col 50}{space 3}0.028{col 58}{space 4} .0418947{col 71}{space 3} .7292864
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .3762575{col 30}{space 2} .1996533{col 41}{space 1}    1.88{col 50}{space 3}0.061{col 58}{space 4}-.0182173{col 71}{space 3} .7707324
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .3855672{col 30}{space 2} .2250961{col 41}{space 1}    1.71{col 50}{space 3}0.089{col 58}{space 4}-.0591774{col 71}{space 3} .8303117
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .3647058{col 30}{space 2} .2307973{col 41}{space 1}    1.58{col 50}{space 3}0.116{col 58}{space 4}-.0913034{col 71}{space 3} .8207149
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .3638348{col 30}{space 2} .2187301{col 41}{space 1}    1.66{col 50}{space 3}0.098{col 58}{space 4}-.0683318{col 71}{space 3} .7960015
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .4011294{col 30}{space 2}  .218321{col 41}{space 1}    1.84{col 50}{space 3}0.068{col 58}{space 4} -.030229{col 71}{space 3} .8324877
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .4431208{col 30}{space 2} .2321037{col 41}{space 1}    1.91{col 50}{space 3}0.058{col 58}{space 4}-.0154695{col 71}{space 3} .9017111
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .5064696{col 30}{space 2} .2348056{col 41}{space 1}    2.16{col 50}{space 3}0.033{col 58}{space 4}  .042541{col 71}{space 3} .9703982
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .5770447{col 30}{space 2} .2337427{col 41}{space 1}    2.47{col 50}{space 3}0.015{col 58}{space 4} .1152162{col 71}{space 3} 1.038873
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .5897202{col 30}{space 2} .2454433{col 41}{space 1}    2.40{col 50}{space 3}0.017{col 58}{space 4} .1047736{col 71}{space 3} 1.074667
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .6614858{col 30}{space 2} .2601103{col 41}{space 1}    2.54{col 50}{space 3}0.012{col 58}{space 4} .1475602{col 71}{space 3} 1.175411
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .7117408{col 30}{space 2} .2705761{col 41}{space 1}    2.63{col 50}{space 3}0.009{col 58}{space 4} .1771368{col 71}{space 3} 1.246345
{txt}{space 11}1990  {c |}{col 18}{res}{space 2} .7375475{col 30}{space 2} .2890278{col 41}{space 1}    2.55{col 50}{space 3}0.012{col 58}{space 4} .1664866{col 71}{space 3} 1.308608
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .8588487{col 30}{space 2} .2923551{col 41}{space 1}    2.94{col 50}{space 3}0.004{col 58}{space 4} .2812138{col 71}{space 3} 1.436484
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} .9569249{col 30}{space 2} .3035905{col 41}{space 1}    3.15{col 50}{space 3}0.002{col 58}{space 4} .3570911{col 71}{space 3} 1.556759
{txt}{space 11}1993  {c |}{col 18}{res}{space 2} 1.229049{col 30}{space 2} .3136387{col 41}{space 1}    3.92{col 50}{space 3}0.000{col 58}{space 4} .6093623{col 71}{space 3} 1.848736
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} 1.373303{col 30}{space 2} .3214175{col 41}{space 1}    4.27{col 50}{space 3}0.000{col 58}{space 4} .7382461{col 71}{space 3} 2.008359
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} 1.533957{col 30}{space 2} .3305474{col 41}{space 1}    4.64{col 50}{space 3}0.000{col 58}{space 4} .8808622{col 71}{space 3} 2.187053
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} 1.439921{col 30}{space 2} .3652481{col 41}{space 1}    3.94{col 50}{space 3}0.000{col 58}{space 4} .7182637{col 71}{space 3} 2.161577
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} 1.534004{col 30}{space 2} .3620012{col 41}{space 1}    4.24{col 50}{space 3}0.000{col 58}{space 4} .8187621{col 71}{space 3} 2.249245
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} 1.586947{col 30}{space 2} .3681446{col 41}{space 1}    4.31{col 50}{space 3}0.000{col 58}{space 4}  .859567{col 71}{space 3} 2.314326
{txt}{space 11}1999  {c |}{col 18}{res}{space 2} 1.666081{col 30}{space 2} .3751377{col 41}{space 1}    4.44{col 50}{space 3}0.000{col 58}{space 4} .9248841{col 71}{space 3} 2.407278
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} 1.694517{col 30}{space 2} .3845102{col 41}{space 1}    4.41{col 50}{space 3}0.000{col 58}{space 4} .9348026{col 71}{space 3} 2.454232
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} 1.749551{col 30}{space 2} .3917532{col 41}{space 1}    4.47{col 50}{space 3}0.000{col 58}{space 4} .9755258{col 71}{space 3} 2.523577
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} 1.816212{col 30}{space 2} .3985909{col 41}{space 1}    4.56{col 50}{space 3}0.000{col 58}{space 4} 1.028676{col 71}{space 3} 2.603747
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} 1.882496{col 30}{space 2}  .410342{col 41}{space 1}    4.59{col 50}{space 3}0.000{col 58}{space 4} 1.071743{col 71}{space 3}  2.69325
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} 1.946169{col 30}{space 2} .4274367{col 41}{space 1}    4.55{col 50}{space 3}0.000{col 58}{space 4}  1.10164{col 71}{space 3} 2.790698
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} 1.861437{col 30}{space 2} .4381004{col 41}{space 1}    4.25{col 50}{space 3}0.000{col 58}{space 4} .9958383{col 71}{space 3} 2.727035
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .7755496{col 30}{space 2} 2.501985{col 41}{space 1}    0.31{col 50}{space 3}0.757{col 58}{space 4}-4.167869{col 71}{space 3} 5.718968
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
         sigma_u {c |} {res} 3.3183449
         {txt}sigma_e {c |} {res} .85421984
             {txt}rho {c |} {res} .93785154{txt}   (fraction of variance due to u_i)
{hline 17}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2162{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0263{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0183{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.86
{txt}corr(u_i, Xb) = {res}-0.9241{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4293979{col 40}{space 2} .1045135{col 51}{space 1}   -4.11{col 60}{space 3}0.000{col 68}{space 4}-.6358956{col 81}{space 3}-.2229002
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1795271{col 40}{space 2} .1535118{col 51}{space 1}   -1.17{col 60}{space 3}0.244{col 68}{space 4}-.4828356{col 81}{space 3} .1237814
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2}  .565586{col 40}{space 2} .1440544{col 51}{space 1}    3.93{col 60}{space 3}0.000{col 68}{space 4} .2809635{col 81}{space 3} .8502085
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2} -1.63907{col 40}{space 2} .4649667{col 51}{space 1}   -3.53{col 60}{space 3}0.001{col 68}{space 4}-2.557751{col 81}{space 3}-.7203893
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2}  .207024{col 40}{space 2} .2285624{col 51}{space 1}    0.91{col 60}{space 3}0.367{col 68}{space 4}-.2445693{col 81}{space 3} .6586173
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .5914987{col 40}{space 2} .2678065{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0623669{col 81}{space 3}  1.12063
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1681091{col 40}{space 2} .1498448{col 51}{space 1}    1.12{col 60}{space 3}0.264{col 68}{space 4}-.1279541{col 81}{space 3} .4641723
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0934825{col 40}{space 2} .0963071{col 51}{space 1}   -0.97{col 60}{space 3}0.333{col 68}{space 4}-.2837659{col 81}{space 3} .0968009
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0216884{col 40}{space 2} .0790993{col 51}{space 1}   -0.27{col 60}{space 3}0.784{col 68}{space 4}-.1779727{col 81}{space 3} .1345958
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .1121299{col 40}{space 2} .0612954{col 51}{space 1}    1.83{col 60}{space 3}0.069{col 68}{space 4}-.0089775{col 81}{space 3} .2332373
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .1158736{col 40}{space 2} .0692362{col 51}{space 1}    1.67{col 60}{space 3}0.096{col 68}{space 4}-.0209233{col 81}{space 3} .2526705
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .1943316{col 40}{space 2} .0881015{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0202607{col 81}{space 3} .3684025
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1965084{col 40}{space 2} .1318408{col 51}{space 1}    1.49{col 60}{space 3}0.138{col 68}{space 4}-.0639826{col 81}{space 3} .4569994
{txt}{space 21}1975  {c |}{col 28}{res}{space 2}  .259608{col 40}{space 2} .1349745{col 51}{space 1}    1.92{col 60}{space 3}0.056{col 68}{space 4}-.0070744{col 81}{space 3} .5262905
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2312112{col 40}{space 2} .1415249{col 51}{space 1}    1.63{col 60}{space 3}0.104{col 68}{space 4}-.0484136{col 81}{space 3}  .510836
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2986695{col 40}{space 2} .1542958{col 51}{space 1}    1.94{col 60}{space 3}0.055{col 68}{space 4}-.0061879{col 81}{space 3} .6035269
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3756928{col 40}{space 2} .1697895{col 51}{space 1}    2.21{col 60}{space 3}0.028{col 68}{space 4} .0402229{col 81}{space 3} .7111627
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .3510336{col 40}{space 2} .1981281{col 51}{space 1}    1.77{col 60}{space 3}0.078{col 68}{space 4}-.0404277{col 81}{space 3}  .742495
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .3616993{col 40}{space 2}  .222927{col 51}{space 1}    1.62{col 60}{space 3}0.107{col 68}{space 4}-.0787596{col 81}{space 3} .8021582
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .3297708{col 40}{space 2} .2301461{col 51}{space 1}    1.43{col 60}{space 3}0.154{col 68}{space 4}-.1249516{col 81}{space 3} .7844932
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .3312832{col 40}{space 2} .2165537{col 51}{space 1}    1.53{col 60}{space 3}0.128{col 68}{space 4}-.0965833{col 81}{space 3} .7591497
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .3545049{col 40}{space 2}  .216758{col 51}{space 1}    1.64{col 60}{space 3}0.104{col 68}{space 4}-.0737652{col 81}{space 3} .7827751
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .4146389{col 40}{space 2} .2305877{col 51}{space 1}    1.80{col 60}{space 3}0.074{col 68}{space 4} -.040956{col 81}{space 3} .8702337
{txt}{space 21}1985  {c |}{col 28}{res}{space 2}  .479434{col 40}{space 2} .2338751{col 51}{space 1}    2.05{col 60}{space 3}0.042{col 68}{space 4} .0173438{col 81}{space 3} .9415242
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .5418812{col 40}{space 2} .2326371{col 51}{space 1}    2.33{col 60}{space 3}0.021{col 68}{space 4}  .082237{col 81}{space 3} 1.001525
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .5460466{col 40}{space 2} .2434955{col 51}{space 1}    2.24{col 60}{space 3}0.026{col 68}{space 4} .0649485{col 81}{space 3} 1.027145
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .6318562{col 40}{space 2} .2581699{col 51}{space 1}    2.45{col 60}{space 3}0.016{col 68}{space 4} .1217644{col 81}{space 3} 1.141948
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .6701789{col 40}{space 2} .2691306{col 51}{space 1}    2.49{col 60}{space 3}0.014{col 68}{space 4} .1384309{col 81}{space 3} 1.201927
{txt}{space 21}1990  {c |}{col 28}{res}{space 2}  .706907{col 40}{space 2} .2872767{col 51}{space 1}    2.46{col 60}{space 3}0.015{col 68}{space 4}  .139306{col 81}{space 3} 1.274508
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .8211621{col 40}{space 2} .2920394{col 51}{space 1}    2.81{col 60}{space 3}0.006{col 68}{space 4}  .244151{col 81}{space 3} 1.398173
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .9148501{col 40}{space 2} .3013741{col 51}{space 1}    3.04{col 60}{space 3}0.003{col 68}{space 4} .3193956{col 81}{space 3} 1.510305
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.169258{col 40}{space 2} .3116245{col 51}{space 1}    3.75{col 60}{space 3}0.000{col 68}{space 4} .5535505{col 81}{space 3} 1.784965
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.322022{col 40}{space 2} .3183909{col 51}{space 1}    4.15{col 60}{space 3}0.000{col 68}{space 4} .6929452{col 81}{space 3} 1.951098
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.475698{col 40}{space 2} .3264642{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} .8306705{col 81}{space 3} 2.120726
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.388727{col 40}{space 2} .3624195{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .6726589{col 81}{space 3} 2.104795
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.482193{col 40}{space 2} .3598559{col 51}{space 1}    4.12{col 60}{space 3}0.000{col 68}{space 4} .7711906{col 81}{space 3} 2.193196
{txt}{space 21}1998  {c |}{col 28}{res}{space 2}  1.54552{col 40}{space 2} .3660369{col 51}{space 1}    4.22{col 60}{space 3}0.000{col 68}{space 4} .8223049{col 81}{space 3} 2.268735
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.625488{col 40}{space 2} .3718378{col 51}{space 1}    4.37{col 60}{space 3}0.000{col 68}{space 4} .8908109{col 81}{space 3} 2.360164
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.647425{col 40}{space 2} .3807869{col 51}{space 1}    4.33{col 60}{space 3}0.000{col 68}{space 4} .8950669{col 81}{space 3} 2.399784
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.714268{col 40}{space 2} .3875102{col 51}{space 1}    4.42{col 60}{space 3}0.000{col 68}{space 4} .9486255{col 81}{space 3}  2.47991
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.765105{col 40}{space 2} .3955728{col 51}{space 1}    4.46{col 60}{space 3}0.000{col 68}{space 4} .9835323{col 81}{space 3} 2.546677
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.838217{col 40}{space 2} .4065069{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} 1.035041{col 81}{space 3} 2.641393
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.879027{col 40}{space 2} .4242537{col 51}{space 1}    4.43{col 60}{space 3}0.000{col 68}{space 4} 1.040787{col 81}{space 3} 2.717267
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.815259{col 40}{space 2} .4340704{col 51}{space 1}    4.18{col 60}{space 3}0.000{col 68}{space 4} .9576236{col 81}{space 3} 2.672895
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .7742692{col 40}{space 2} 2.498381{col 51}{space 1}    0.31{col 60}{space 3}0.757{col 68}{space 4}-4.162029{col 81}{space 3} 5.710567
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2389161
                   {txt}sigma_e {c |} {res} .85160952
                       {txt}rho {c |} {res} .93533785{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2303{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0561{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0339{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}144{txt}){col 67}={col 70}{res}     5.27
{txt}corr(u_i, Xb) = {res}-0.9182{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 82:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 1}     ckaopen2010{col 18}{c |} Coefficient{col 30}  std. err.{col 42}      t{col 50}   P>|t|{col 58}     [95% con{col 71}f. interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
L.sanction_onset {c |}
{space 14}1  {c |}{col 18}{res}{space 2}-.0753246{col 30}{space 2}  .071872{col 41}{space 1}   -1.05{col 50}{space 3}0.296{col 58}{space 4} -.217385{col 71}{space 3} .0667357
{txt}{space 16} {c |}
{space 12}vdem {c |}{col 18}{res}{space 2} -.160027{col 30}{space 2} .3216006{col 41}{space 1}   -0.50{col 50}{space 3}0.620{col 58}{space 4}-.7956948{col 71}{space 3} .4756407
{txt}{space 4}targ_pop_log {c |}{col 18}{res}{space 2}-1.789495{col 30}{space 2} .4641607{col 41}{space 1}   -3.86{col 50}{space 3}0.000{col 58}{space 4}-2.706944{col 71}{space 3}-.8720469
{txt}{space 2}targ_gdppc_log {c |}{col 18}{res}{space 2} .2391151{col 30}{space 2} .2184311{col 41}{space 1}    1.09{col 50}{space 3}0.275{col 58}{space 4}-.1926305{col 71}{space 3} .6708606
{txt}{space 2}targ_gdpgrowth {c |}{col 18}{res}{space 2} .5053649{col 30}{space 2} .2618709{col 41}{space 1}    1.93{col 50}{space 3}0.056{col 58}{space 4}-.0122427{col 71}{space 3} 1.022972
{txt}{space 4}lntrade_open {c |}{col 18}{res}{space 2} .0620493{col 30}{space 2} .1410324{col 41}{space 1}    0.44{col 50}{space 3}0.661{col 58}{space 4}-.2167119{col 71}{space 3} .3408105
{txt}{space 13}peg {c |}{col 18}{res}{space 2}-.1075294{col 30}{space 2} .0962823{col 41}{space 1}   -1.12{col 50}{space 3}0.266{col 58}{space 4}-.2978385{col 71}{space 3} .0827797
{txt}{space 8}underimf {c |}{col 18}{res}{space 2}-.0426359{col 30}{space 2} .0772539{col 41}{space 1}   -0.55{col 50}{space 3}0.582{col 58}{space 4} -.195334{col 71}{space 3} .1100622
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1971  {c |}{col 18}{res}{space 2}  .132376{col 30}{space 2} .0592036{col 41}{space 1}    2.24{col 50}{space 3}0.027{col 58}{space 4} .0153556{col 71}{space 3} .2493964
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .1462666{col 30}{space 2} .0699467{col 41}{space 1}    2.09{col 50}{space 3}0.038{col 58}{space 4} .0080116{col 71}{space 3} .2845216
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .2408605{col 30}{space 2}  .088019{col 41}{space 1}    2.74{col 50}{space 3}0.007{col 58}{space 4} .0668844{col 71}{space 3} .4148366
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .2883622{col 30}{space 2} .1276508{col 41}{space 1}    2.26{col 50}{space 3}0.025{col 58}{space 4} .0360509{col 71}{space 3} .5406735
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .3344244{col 30}{space 2} .1297378{col 41}{space 1}    2.58{col 50}{space 3}0.011{col 58}{space 4} .0779879{col 71}{space 3} .5908609
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .3090945{col 30}{space 2} .1366184{col 41}{space 1}    2.26{col 50}{space 3}0.025{col 58}{space 4}  .039058{col 71}{space 3} .5791309
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3753812{col 30}{space 2} .1515601{col 41}{space 1}    2.48{col 50}{space 3}0.014{col 58}{space 4} .0758113{col 71}{space 3}  .674951
{txt}{space 11}1978  {c |}{col 18}{res}{space 2}  .456299{col 30}{space 2} .1701085{col 41}{space 1}    2.68{col 50}{space 3}0.008{col 58}{space 4} .1200669{col 71}{space 3} .7925311
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .4881621{col 30}{space 2} .1926538{col 41}{space 1}    2.53{col 50}{space 3}0.012{col 58}{space 4} .1073673{col 71}{space 3} .8689568
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .5176251{col 30}{space 2} .2145157{col 41}{space 1}    2.41{col 50}{space 3}0.017{col 58}{space 4} .0936187{col 71}{space 3} .9416316
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .4850242{col 30}{space 2} .2209275{col 41}{space 1}    2.20{col 50}{space 3}0.030{col 58}{space 4} .0483444{col 71}{space 3} .9217039
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .4651816{col 30}{space 2}  .209786{col 41}{space 1}    2.22{col 50}{space 3}0.028{col 58}{space 4} .0505237{col 71}{space 3} .8798394
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .4946639{col 30}{space 2} .2107714{col 41}{space 1}    2.35{col 50}{space 3}0.020{col 58}{space 4} .0780583{col 71}{space 3} .9112695
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .5279945{col 30}{space 2} .2254532{col 41}{space 1}    2.34{col 50}{space 3}0.021{col 58}{space 4} .0823694{col 71}{space 3} .9736196
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .5903216{col 30}{space 2} .2292466{col 41}{space 1}    2.58{col 50}{space 3}0.011{col 58}{space 4} .1371985{col 71}{space 3} 1.043445
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .6581003{col 30}{space 2} .2295718{col 41}{space 1}    2.87{col 50}{space 3}0.005{col 58}{space 4} .2043344{col 71}{space 3} 1.111866
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .6833529{col 30}{space 2} .2412152{col 41}{space 1}    2.83{col 50}{space 3}0.005{col 58}{space 4}  .206573{col 71}{space 3} 1.160133
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .7581072{col 30}{space 2} .2555683{col 41}{space 1}    2.97{col 50}{space 3}0.004{col 58}{space 4} .2529573{col 71}{space 3} 1.263257
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .8190753{col 30}{space 2} .2660883{col 41}{space 1}    3.08{col 50}{space 3}0.002{col 58}{space 4} .2931319{col 71}{space 3} 1.345019
{txt}{space 11}1990  {c |}{col 18}{res}{space 2} .8601218{col 30}{space 2} .2852191{col 41}{space 1}    3.02{col 50}{space 3}0.003{col 58}{space 4} .2963649{col 71}{space 3} 1.423879
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .9793443{col 30}{space 2} .2896657{col 41}{space 1}    3.38{col 50}{space 3}0.001{col 58}{space 4} .4067983{col 71}{space 3}  1.55189
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} 1.093454{col 30}{space 2} .2999824{col 41}{space 1}    3.65{col 50}{space 3}0.000{col 58}{space 4} .5005163{col 71}{space 3} 1.686392
{txt}{space 11}1993  {c |}{col 18}{res}{space 2} 1.364874{col 30}{space 2} .3134299{col 41}{space 1}    4.35{col 50}{space 3}0.000{col 58}{space 4} .7453564{col 71}{space 3} 1.984392
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} 1.521388{col 30}{space 2} .3217614{col 41}{space 1}    4.73{col 50}{space 3}0.000{col 58}{space 4}  .885402{col 71}{space 3} 2.157373
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} 1.707429{col 30}{space 2} .3309579{col 41}{space 1}    5.16{col 50}{space 3}0.000{col 58}{space 4} 1.053266{col 71}{space 3} 2.361592
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} 1.691361{col 30}{space 2} .3630485{col 41}{space 1}    4.66{col 50}{space 3}0.000{col 58}{space 4} .9737683{col 71}{space 3} 2.408953
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} 1.773882{col 30}{space 2} .3594107{col 41}{space 1}    4.94{col 50}{space 3}0.000{col 58}{space 4}  1.06348{col 71}{space 3} 2.484284
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} 1.812014{col 30}{space 2} .3668186{col 41}{space 1}    4.94{col 50}{space 3}0.000{col 58}{space 4} 1.086969{col 71}{space 3} 2.537058
{txt}{space 11}1999  {c |}{col 18}{res}{space 2}  1.89153{col 30}{space 2} .3735026{col 41}{space 1}    5.06{col 50}{space 3}0.000{col 58}{space 4} 1.153274{col 71}{space 3} 2.629786
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} 1.934897{col 30}{space 2} .3808698{col 41}{space 1}    5.08{col 50}{space 3}0.000{col 58}{space 4}  1.18208{col 71}{space 3} 2.687715
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} 1.995845{col 30}{space 2} .3883717{col 41}{space 1}    5.14{col 50}{space 3}0.000{col 58}{space 4} 1.228199{col 71}{space 3} 2.763491
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} 2.071722{col 30}{space 2} .3952834{col 41}{space 1}    5.24{col 50}{space 3}0.000{col 58}{space 4} 1.290415{col 71}{space 3}  2.85303
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} 2.153466{col 30}{space 2} .4066437{col 41}{space 1}    5.30{col 50}{space 3}0.000{col 58}{space 4} 1.349705{col 71}{space 3} 2.957228
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} 2.225479{col 30}{space 2}  .422146{col 41}{space 1}    5.27{col 50}{space 3}0.000{col 58}{space 4} 1.391076{col 71}{space 3} 3.059882
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} 2.134881{col 30}{space 2} .4368546{col 41}{space 1}    4.89{col 50}{space 3}0.000{col 58}{space 4} 1.271405{col 71}{space 3} 2.998357
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .7526117{col 30}{space 2} 2.425111{col 41}{space 1}    0.31{col 50}{space 3}0.757{col 58}{space 4}-4.040802{col 71}{space 3} 5.546025
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
         sigma_u {c |} {res}  3.079694
         {txt}sigma_e {c |} {res} .84999771
             {txt}rho {c |} {res}  .9292157{txt}   (fraction of variance due to u_i)
{hline 17}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2350{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0582{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0360{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.59
{txt}corr(u_i, Xb) = {res}-0.9130{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5741689{col 37}{space 2} .1301456{col 48}{space 1}   -4.41{col 57}{space 3}0.000{col 65}{space 4}-.8314114{col 78}{space 3}-.3169264
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2256697{col 37}{space 2} .3240691{col 48}{space 1}   -0.70{col 57}{space 3}0.487{col 65}{space 4}-.8662166{col 78}{space 3} .4148772
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8734023{col 37}{space 2} .2376489{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .4036714{col 78}{space 3} 1.343133
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.734354{col 37}{space 2}  .462533{col 48}{space 1}   -3.75{col 57}{space 3}0.000{col 65}{space 4}-2.648585{col 78}{space 3}-.8201223
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2409444{col 37}{space 2} .2167447{col 48}{space 1}    1.11{col 57}{space 3}0.268{col 65}{space 4}-.1874677{col 78}{space 3} .6693566
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4737597{col 37}{space 2} .2583749{col 48}{space 1}    1.83{col 57}{space 3}0.069{col 65}{space 4}-.0369378{col 78}{space 3} .9844571
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0638657{col 37}{space 2} .1387725{col 48}{space 1}    0.46{col 57}{space 3}0.646{col 65}{space 4}-.2104286{col 78}{space 3}   .33816
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1011671{col 37}{space 2} .0954529{col 48}{space 1}   -1.06{col 57}{space 3}0.291{col 65}{space 4}-.2898369{col 78}{space 3} .0875027
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0417642{col 37}{space 2} .0769862{col 48}{space 1}   -0.54{col 57}{space 3}0.588{col 65}{space 4}-.1939332{col 78}{space 3} .1104048
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .1115316{col 37}{space 2} .0593362{col 48}{space 1}    1.88{col 57}{space 3}0.062{col 65}{space 4}-.0057509{col 78}{space 3} .2288141
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1269914{col 37}{space 2} .0699703{col 48}{space 1}    1.81{col 57}{space 3}0.072{col 65}{space 4}-.0113101{col 78}{space 3} .2652928
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .227303{col 37}{space 2} .0873433{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .0546624{col 78}{space 3} .3999435
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2676674{col 37}{space 2} .1268719{col 48}{space 1}    2.11{col 57}{space 3}0.037{col 65}{space 4} .0168957{col 78}{space 3} .5184392
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3133162{col 37}{space 2} .1284846{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0593567{col 78}{space 3} .5672757
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2890943{col 37}{space 2}    .1354{col 48}{space 1}    2.14{col 57}{space 3}0.034{col 65}{space 4}  .021466{col 78}{space 3} .5567226
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3612868{col 37}{space 2} .1506017{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0636112{col 78}{space 3} .6589623
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4537879{col 37}{space 2} .1672913{col 48}{space 1}    2.71{col 57}{space 3}0.007{col 65}{space 4}  .123124{col 78}{space 3} .7844518
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4656134{col 37}{space 2} .1911593{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0877727{col 78}{space 3} .8434542
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4995416{col 37}{space 2} .2123908{col 48}{space 1}    2.35{col 57}{space 3}0.020{col 65}{space 4} .0797353{col 78}{space 3} .9193479
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4501841{col 37}{space 2} .2193676{col 48}{space 1}    2.05{col 57}{space 3}0.042{col 65}{space 4} .0165876{col 78}{space 3} .8837806
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}  .433851{col 37}{space 2} .2067831{col 48}{space 1}    2.10{col 57}{space 3}0.038{col 65}{space 4} .0251287{col 78}{space 3} .8425732
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4508692{col 37}{space 2} .2073257{col 48}{space 1}    2.17{col 57}{space 3}0.031{col 65}{space 4} .0410744{col 78}{space 3} .8606641
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4983975{col 37}{space 2} .2234968{col 48}{space 1}    2.23{col 57}{space 3}0.027{col 65}{space 4} .0566393{col 78}{space 3} .9401557
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5643709{col 37}{space 2} .2278771{col 48}{space 1}    2.48{col 57}{space 3}0.014{col 65}{space 4} .1139546{col 78}{space 3} 1.014787
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .6217438{col 37}{space 2} .2280268{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1710318{col 78}{space 3} 1.072456
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6348937{col 37}{space 2} .2385058{col 48}{space 1}    2.66{col 57}{space 3}0.009{col 65}{space 4} .1634691{col 78}{space 3} 1.106318
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7298371{col 37}{space 2} .2540088{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4} .2277697{col 78}{space 3} 1.231905
{txt}{space 18}1989  {c |}{col 25}{res}{space 2}   .77822{col 37}{space 2} .2646731{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2550738{col 78}{space 3} 1.301366
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8308413{col 37}{space 2} .2838188{col 48}{space 1}    2.93{col 57}{space 3}0.004{col 65}{space 4} .2698522{col 78}{space 3}  1.39183
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9444078{col 37}{space 2} .2888231{col 48}{space 1}    3.27{col 57}{space 3}0.001{col 65}{space 4} .3735272{col 78}{space 3} 1.515288
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.057834{col 37}{space 2} .2984566{col 48}{space 1}    3.54{col 57}{space 3}0.001{col 65}{space 4} .4679122{col 78}{space 3} 1.647756
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.309947{col 37}{space 2} .3111811{col 48}{space 1}    4.21{col 57}{space 3}0.000{col 65}{space 4} .6948745{col 78}{space 3}  1.92502
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.459333{col 37}{space 2} .3186524{col 48}{space 1}    4.58{col 57}{space 3}0.000{col 65}{space 4} .8294925{col 78}{space 3} 2.089173
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.645451{col 37}{space 2} .3272933{col 48}{space 1}    5.03{col 57}{space 3}0.000{col 65}{space 4} .9985312{col 78}{space 3} 2.292371
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.644342{col 37}{space 2} .3606175{col 48}{space 1}    4.56{col 57}{space 3}0.000{col 65}{space 4} .9315547{col 78}{space 3}  2.35713
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.721084{col 37}{space 2} .3576911{col 48}{space 1}    4.81{col 57}{space 3}0.000{col 65}{space 4} 1.014081{col 78}{space 3} 2.428087
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.771607{col 37}{space 2} .3647883{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.050576{col 78}{space 3} 2.492639
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.847458{col 37}{space 2} .3704746{col 48}{space 1}    4.99{col 57}{space 3}0.000{col 65}{space 4} 1.115187{col 78}{space 3} 2.579729
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.884299{col 37}{space 2} .3771181{col 48}{space 1}    5.00{col 57}{space 3}0.000{col 65}{space 4} 1.138896{col 78}{space 3} 2.629701
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.958665{col 37}{space 2} .3849925{col 48}{space 1}    5.09{col 57}{space 3}0.000{col 65}{space 4} 1.197698{col 78}{space 3} 2.719631
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.024414{col 37}{space 2} .3925205{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.248568{col 78}{space 3}  2.80026
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.107753{col 37}{space 2} .4031998{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} 1.310799{col 78}{space 3} 2.904708
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.158994{col 37}{space 2} .4185771{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.331645{col 78}{space 3} 2.986343
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.087321{col 37}{space 2} .4332505{col 48}{space 1}    4.82{col 57}{space 3}0.000{col 65}{space 4} 1.230969{col 78}{space 3} 2.943673
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .6890977{col 37}{space 2}  2.40898{col 48}{space 1}    0.29{col 57}{space 3}0.775{col 65}{space 4}-4.072433{col 78}{space 3} 5.450628
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res}  2.991256
                {txt}sigma_e {c |} {res} .84749432
                    {txt}rho {c |} {res} .92569242{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2162{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0263{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0183{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.86
{txt}corr(u_i, Xb) = {res}-0.9241{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4293979{col 40}{space 2} .1045135{col 51}{space 1}   -4.11{col 60}{space 3}0.000{col 68}{space 4}-.6358956{col 81}{space 3}-.2229002
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1795271{col 40}{space 2} .1535118{col 51}{space 1}   -1.17{col 60}{space 3}0.244{col 68}{space 4}-.4828356{col 81}{space 3} .1237814
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2}  .565586{col 40}{space 2} .1440544{col 51}{space 1}    3.93{col 60}{space 3}0.000{col 68}{space 4} .2809635{col 81}{space 3} .8502085
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2} -1.63907{col 40}{space 2} .4649667{col 51}{space 1}   -3.53{col 60}{space 3}0.001{col 68}{space 4}-2.557751{col 81}{space 3}-.7203893
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2}  .207024{col 40}{space 2} .2285624{col 51}{space 1}    0.91{col 60}{space 3}0.367{col 68}{space 4}-.2445693{col 81}{space 3} .6586173
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .5914987{col 40}{space 2} .2678065{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0623669{col 81}{space 3}  1.12063
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1681091{col 40}{space 2} .1498448{col 51}{space 1}    1.12{col 60}{space 3}0.264{col 68}{space 4}-.1279541{col 81}{space 3} .4641723
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0934825{col 40}{space 2} .0963071{col 51}{space 1}   -0.97{col 60}{space 3}0.333{col 68}{space 4}-.2837659{col 81}{space 3} .0968009
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0216884{col 40}{space 2} .0790993{col 51}{space 1}   -0.27{col 60}{space 3}0.784{col 68}{space 4}-.1779727{col 81}{space 3} .1345958
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .1121299{col 40}{space 2} .0612954{col 51}{space 1}    1.83{col 60}{space 3}0.069{col 68}{space 4}-.0089775{col 81}{space 3} .2332373
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .1158736{col 40}{space 2} .0692362{col 51}{space 1}    1.67{col 60}{space 3}0.096{col 68}{space 4}-.0209233{col 81}{space 3} .2526705
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .1943316{col 40}{space 2} .0881015{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0202607{col 81}{space 3} .3684025
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1965084{col 40}{space 2} .1318408{col 51}{space 1}    1.49{col 60}{space 3}0.138{col 68}{space 4}-.0639826{col 81}{space 3} .4569994
{txt}{space 21}1975  {c |}{col 28}{res}{space 2}  .259608{col 40}{space 2} .1349745{col 51}{space 1}    1.92{col 60}{space 3}0.056{col 68}{space 4}-.0070744{col 81}{space 3} .5262905
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2312112{col 40}{space 2} .1415249{col 51}{space 1}    1.63{col 60}{space 3}0.104{col 68}{space 4}-.0484136{col 81}{space 3}  .510836
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2986695{col 40}{space 2} .1542958{col 51}{space 1}    1.94{col 60}{space 3}0.055{col 68}{space 4}-.0061879{col 81}{space 3} .6035269
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3756928{col 40}{space 2} .1697895{col 51}{space 1}    2.21{col 60}{space 3}0.028{col 68}{space 4} .0402229{col 81}{space 3} .7111627
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .3510336{col 40}{space 2} .1981281{col 51}{space 1}    1.77{col 60}{space 3}0.078{col 68}{space 4}-.0404277{col 81}{space 3}  .742495
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .3616993{col 40}{space 2}  .222927{col 51}{space 1}    1.62{col 60}{space 3}0.107{col 68}{space 4}-.0787596{col 81}{space 3} .8021582
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .3297708{col 40}{space 2} .2301461{col 51}{space 1}    1.43{col 60}{space 3}0.154{col 68}{space 4}-.1249516{col 81}{space 3} .7844932
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .3312832{col 40}{space 2} .2165537{col 51}{space 1}    1.53{col 60}{space 3}0.128{col 68}{space 4}-.0965833{col 81}{space 3} .7591497
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .3545049{col 40}{space 2}  .216758{col 51}{space 1}    1.64{col 60}{space 3}0.104{col 68}{space 4}-.0737652{col 81}{space 3} .7827751
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .4146389{col 40}{space 2} .2305877{col 51}{space 1}    1.80{col 60}{space 3}0.074{col 68}{space 4} -.040956{col 81}{space 3} .8702337
{txt}{space 21}1985  {c |}{col 28}{res}{space 2}  .479434{col 40}{space 2} .2338751{col 51}{space 1}    2.05{col 60}{space 3}0.042{col 68}{space 4} .0173438{col 81}{space 3} .9415242
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .5418812{col 40}{space 2} .2326371{col 51}{space 1}    2.33{col 60}{space 3}0.021{col 68}{space 4}  .082237{col 81}{space 3} 1.001525
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .5460466{col 40}{space 2} .2434955{col 51}{space 1}    2.24{col 60}{space 3}0.026{col 68}{space 4} .0649485{col 81}{space 3} 1.027145
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .6318562{col 40}{space 2} .2581699{col 51}{space 1}    2.45{col 60}{space 3}0.016{col 68}{space 4} .1217644{col 81}{space 3} 1.141948
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .6701789{col 40}{space 2} .2691306{col 51}{space 1}    2.49{col 60}{space 3}0.014{col 68}{space 4} .1384309{col 81}{space 3} 1.201927
{txt}{space 21}1990  {c |}{col 28}{res}{space 2}  .706907{col 40}{space 2} .2872767{col 51}{space 1}    2.46{col 60}{space 3}0.015{col 68}{space 4}  .139306{col 81}{space 3} 1.274508
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .8211621{col 40}{space 2} .2920394{col 51}{space 1}    2.81{col 60}{space 3}0.006{col 68}{space 4}  .244151{col 81}{space 3} 1.398173
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .9148501{col 40}{space 2} .3013741{col 51}{space 1}    3.04{col 60}{space 3}0.003{col 68}{space 4} .3193956{col 81}{space 3} 1.510305
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.169258{col 40}{space 2} .3116245{col 51}{space 1}    3.75{col 60}{space 3}0.000{col 68}{space 4} .5535505{col 81}{space 3} 1.784965
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.322022{col 40}{space 2} .3183909{col 51}{space 1}    4.15{col 60}{space 3}0.000{col 68}{space 4} .6929452{col 81}{space 3} 1.951098
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.475698{col 40}{space 2} .3264642{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} .8306705{col 81}{space 3} 2.120726
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.388727{col 40}{space 2} .3624195{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .6726589{col 81}{space 3} 2.104795
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.482193{col 40}{space 2} .3598559{col 51}{space 1}    4.12{col 60}{space 3}0.000{col 68}{space 4} .7711906{col 81}{space 3} 2.193196
{txt}{space 21}1998  {c |}{col 28}{res}{space 2}  1.54552{col 40}{space 2} .3660369{col 51}{space 1}    4.22{col 60}{space 3}0.000{col 68}{space 4} .8223049{col 81}{space 3} 2.268735
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.625488{col 40}{space 2} .3718378{col 51}{space 1}    4.37{col 60}{space 3}0.000{col 68}{space 4} .8908109{col 81}{space 3} 2.360164
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.647425{col 40}{space 2} .3807869{col 51}{space 1}    4.33{col 60}{space 3}0.000{col 68}{space 4} .8950669{col 81}{space 3} 2.399784
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.714268{col 40}{space 2} .3875102{col 51}{space 1}    4.42{col 60}{space 3}0.000{col 68}{space 4} .9486255{col 81}{space 3}  2.47991
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.765105{col 40}{space 2} .3955728{col 51}{space 1}    4.46{col 60}{space 3}0.000{col 68}{space 4} .9835323{col 81}{space 3} 2.546677
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.838217{col 40}{space 2} .4065069{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} 1.035041{col 81}{space 3} 2.641393
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.879027{col 40}{space 2} .4242537{col 51}{space 1}    4.43{col 60}{space 3}0.000{col 68}{space 4} 1.040787{col 81}{space 3} 2.717267
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.815259{col 40}{space 2} .4340704{col 51}{space 1}    4.18{col 60}{space 3}0.000{col 68}{space 4} .9576236{col 81}{space 3} 2.672895
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .7742692{col 40}{space 2} 2.498381{col 51}{space 1}    0.31{col 60}{space 3}0.757{col 68}{space 4}-4.162029{col 81}{space 3} 5.710567
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2389161
                   {txt}sigma_e {c |} {res} .85160952
                       {txt}rho {c |} {res} .93533785{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. estimates store fordem
{txt}
{com}. coefplot fordem, keep (0bL.sanction_onset 1L.sanction_onset 1.democracy 1L.sanction_onset#1.democracy) coeflabels (0bL.sanction_onset = "Untargeted Autocracy" 1L.sanction_onset = "Targeted Autocracy" 1.democracy = "Untargeted Democracy" 1L.sanction_onset#1.democracy = "Targeted Democracy") xlabel(,format(%9.1f)) xline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) levels(95 90) graphregion(color(white)) order(0bL.sanction_onset 1L.sanction_onset 1.democracy 1L.sanction_onset#1.democracy) xtitle(Effect on Capital Account Openness)
{res}{txt}
{com}. 
. xtreg ckaopen2010 l.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2162{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0263{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0183{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.86
{txt}corr(u_i, Xb) = {res}-0.9241{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4293979{col 40}{space 2} .1045135{col 51}{space 1}   -4.11{col 60}{space 3}0.000{col 68}{space 4}-.6358956{col 81}{space 3}-.2229002
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1795271{col 40}{space 2} .1535118{col 51}{space 1}   -1.17{col 60}{space 3}0.244{col 68}{space 4}-.4828356{col 81}{space 3} .1237814
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2}  .565586{col 40}{space 2} .1440544{col 51}{space 1}    3.93{col 60}{space 3}0.000{col 68}{space 4} .2809635{col 81}{space 3} .8502085
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2} -1.63907{col 40}{space 2} .4649667{col 51}{space 1}   -3.53{col 60}{space 3}0.001{col 68}{space 4}-2.557751{col 81}{space 3}-.7203893
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2}  .207024{col 40}{space 2} .2285624{col 51}{space 1}    0.91{col 60}{space 3}0.367{col 68}{space 4}-.2445693{col 81}{space 3} .6586173
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .5914987{col 40}{space 2} .2678065{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0623669{col 81}{space 3}  1.12063
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1681091{col 40}{space 2} .1498448{col 51}{space 1}    1.12{col 60}{space 3}0.264{col 68}{space 4}-.1279541{col 81}{space 3} .4641723
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0934825{col 40}{space 2} .0963071{col 51}{space 1}   -0.97{col 60}{space 3}0.333{col 68}{space 4}-.2837659{col 81}{space 3} .0968009
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0216884{col 40}{space 2} .0790993{col 51}{space 1}   -0.27{col 60}{space 3}0.784{col 68}{space 4}-.1779727{col 81}{space 3} .1345958
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .1121299{col 40}{space 2} .0612954{col 51}{space 1}    1.83{col 60}{space 3}0.069{col 68}{space 4}-.0089775{col 81}{space 3} .2332373
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .1158736{col 40}{space 2} .0692362{col 51}{space 1}    1.67{col 60}{space 3}0.096{col 68}{space 4}-.0209233{col 81}{space 3} .2526705
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .1943316{col 40}{space 2} .0881015{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0202607{col 81}{space 3} .3684025
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1965084{col 40}{space 2} .1318408{col 51}{space 1}    1.49{col 60}{space 3}0.138{col 68}{space 4}-.0639826{col 81}{space 3} .4569994
{txt}{space 21}1975  {c |}{col 28}{res}{space 2}  .259608{col 40}{space 2} .1349745{col 51}{space 1}    1.92{col 60}{space 3}0.056{col 68}{space 4}-.0070744{col 81}{space 3} .5262905
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2312112{col 40}{space 2} .1415249{col 51}{space 1}    1.63{col 60}{space 3}0.104{col 68}{space 4}-.0484136{col 81}{space 3}  .510836
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2986695{col 40}{space 2} .1542958{col 51}{space 1}    1.94{col 60}{space 3}0.055{col 68}{space 4}-.0061879{col 81}{space 3} .6035269
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3756928{col 40}{space 2} .1697895{col 51}{space 1}    2.21{col 60}{space 3}0.028{col 68}{space 4} .0402229{col 81}{space 3} .7111627
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .3510336{col 40}{space 2} .1981281{col 51}{space 1}    1.77{col 60}{space 3}0.078{col 68}{space 4}-.0404277{col 81}{space 3}  .742495
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .3616993{col 40}{space 2}  .222927{col 51}{space 1}    1.62{col 60}{space 3}0.107{col 68}{space 4}-.0787596{col 81}{space 3} .8021582
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .3297708{col 40}{space 2} .2301461{col 51}{space 1}    1.43{col 60}{space 3}0.154{col 68}{space 4}-.1249516{col 81}{space 3} .7844932
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .3312832{col 40}{space 2} .2165537{col 51}{space 1}    1.53{col 60}{space 3}0.128{col 68}{space 4}-.0965833{col 81}{space 3} .7591497
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .3545049{col 40}{space 2}  .216758{col 51}{space 1}    1.64{col 60}{space 3}0.104{col 68}{space 4}-.0737652{col 81}{space 3} .7827751
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .4146389{col 40}{space 2} .2305877{col 51}{space 1}    1.80{col 60}{space 3}0.074{col 68}{space 4} -.040956{col 81}{space 3} .8702337
{txt}{space 21}1985  {c |}{col 28}{res}{space 2}  .479434{col 40}{space 2} .2338751{col 51}{space 1}    2.05{col 60}{space 3}0.042{col 68}{space 4} .0173438{col 81}{space 3} .9415242
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .5418812{col 40}{space 2} .2326371{col 51}{space 1}    2.33{col 60}{space 3}0.021{col 68}{space 4}  .082237{col 81}{space 3} 1.001525
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .5460466{col 40}{space 2} .2434955{col 51}{space 1}    2.24{col 60}{space 3}0.026{col 68}{space 4} .0649485{col 81}{space 3} 1.027145
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .6318562{col 40}{space 2} .2581699{col 51}{space 1}    2.45{col 60}{space 3}0.016{col 68}{space 4} .1217644{col 81}{space 3} 1.141948
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .6701789{col 40}{space 2} .2691306{col 51}{space 1}    2.49{col 60}{space 3}0.014{col 68}{space 4} .1384309{col 81}{space 3} 1.201927
{txt}{space 21}1990  {c |}{col 28}{res}{space 2}  .706907{col 40}{space 2} .2872767{col 51}{space 1}    2.46{col 60}{space 3}0.015{col 68}{space 4}  .139306{col 81}{space 3} 1.274508
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .8211621{col 40}{space 2} .2920394{col 51}{space 1}    2.81{col 60}{space 3}0.006{col 68}{space 4}  .244151{col 81}{space 3} 1.398173
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .9148501{col 40}{space 2} .3013741{col 51}{space 1}    3.04{col 60}{space 3}0.003{col 68}{space 4} .3193956{col 81}{space 3} 1.510305
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.169258{col 40}{space 2} .3116245{col 51}{space 1}    3.75{col 60}{space 3}0.000{col 68}{space 4} .5535505{col 81}{space 3} 1.784965
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.322022{col 40}{space 2} .3183909{col 51}{space 1}    4.15{col 60}{space 3}0.000{col 68}{space 4} .6929452{col 81}{space 3} 1.951098
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.475698{col 40}{space 2} .3264642{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} .8306705{col 81}{space 3} 2.120726
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.388727{col 40}{space 2} .3624195{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .6726589{col 81}{space 3} 2.104795
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.482193{col 40}{space 2} .3598559{col 51}{space 1}    4.12{col 60}{space 3}0.000{col 68}{space 4} .7711906{col 81}{space 3} 2.193196
{txt}{space 21}1998  {c |}{col 28}{res}{space 2}  1.54552{col 40}{space 2} .3660369{col 51}{space 1}    4.22{col 60}{space 3}0.000{col 68}{space 4} .8223049{col 81}{space 3} 2.268735
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.625488{col 40}{space 2} .3718378{col 51}{space 1}    4.37{col 60}{space 3}0.000{col 68}{space 4} .8908109{col 81}{space 3} 2.360164
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.647425{col 40}{space 2} .3807869{col 51}{space 1}    4.33{col 60}{space 3}0.000{col 68}{space 4} .8950669{col 81}{space 3} 2.399784
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.714268{col 40}{space 2} .3875102{col 51}{space 1}    4.42{col 60}{space 3}0.000{col 68}{space 4} .9486255{col 81}{space 3}  2.47991
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.765105{col 40}{space 2} .3955728{col 51}{space 1}    4.46{col 60}{space 3}0.000{col 68}{space 4} .9835323{col 81}{space 3} 2.546677
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.838217{col 40}{space 2} .4065069{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} 1.035041{col 81}{space 3} 2.641393
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.879027{col 40}{space 2} .4242537{col 51}{space 1}    4.43{col 60}{space 3}0.000{col 68}{space 4} 1.040787{col 81}{space 3} 2.717267
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.815259{col 40}{space 2} .4340704{col 51}{space 1}    4.18{col 60}{space 3}0.000{col 68}{space 4} .9576236{col 81}{space 3} 2.672895
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .7742692{col 40}{space 2} 2.498381{col 51}{space 1}    0.31{col 60}{space 3}0.757{col 68}{space 4}-4.162029{col 81}{space 3} 5.710567
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2389161
                   {txt}sigma_e {c |} {res} .85160952
                       {txt}rho {c |} {res} .93533785{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. margins, dydx(l.sanction_onset) over(democracy)
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,364}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.sanction_onset}{p_end}
{p2col:Over:}{res:democracy}{p_end}
{p2colreset}{...}

{res}{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32} Delta-method
{col 20}{c |}      dy/dx{col 32}   std. err.{col 44}      z{col 52}   P>|z|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.sanction_onset {col 20}{txt}{c |}  (base outcome)
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.sanction_onset  {txt}{c |}
{space 9}democracy {c |}
{space 16}0  {c |}{col 20}{res}{space 2}-.4293979{col 32}{space 2} .1045135{col 43}{space 1}   -4.11{col 52}{space 3}0.000{col 60}{space 4}-.6342407{col 73}{space 3}-.2245552
{txt}{space 16}1  {c |}{col 20}{res}{space 2}  .136188{col 32}{space 2} .0944848{col 43}{space 1}    1.44{col 52}{space 3}0.149{col 60}{space 4}-.0489987{col 73}{space 3} .3213748
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 84}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) xlabel(0 "Autocracy" 1 "Democracy") graphregion(color(white))
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:democracy}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2350{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0582{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0360{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.59
{txt}corr(u_i, Xb) = {res}-0.9130{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5741689{col 37}{space 2} .1301456{col 48}{space 1}   -4.41{col 57}{space 3}0.000{col 65}{space 4}-.8314114{col 78}{space 3}-.3169264
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2256697{col 37}{space 2} .3240691{col 48}{space 1}   -0.70{col 57}{space 3}0.487{col 65}{space 4}-.8662166{col 78}{space 3} .4148772
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8734023{col 37}{space 2} .2376489{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .4036714{col 78}{space 3} 1.343133
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.734354{col 37}{space 2}  .462533{col 48}{space 1}   -3.75{col 57}{space 3}0.000{col 65}{space 4}-2.648585{col 78}{space 3}-.8201223
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2409444{col 37}{space 2} .2167447{col 48}{space 1}    1.11{col 57}{space 3}0.268{col 65}{space 4}-.1874677{col 78}{space 3} .6693566
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4737597{col 37}{space 2} .2583749{col 48}{space 1}    1.83{col 57}{space 3}0.069{col 65}{space 4}-.0369378{col 78}{space 3} .9844571
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0638657{col 37}{space 2} .1387725{col 48}{space 1}    0.46{col 57}{space 3}0.646{col 65}{space 4}-.2104286{col 78}{space 3}   .33816
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1011671{col 37}{space 2} .0954529{col 48}{space 1}   -1.06{col 57}{space 3}0.291{col 65}{space 4}-.2898369{col 78}{space 3} .0875027
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0417642{col 37}{space 2} .0769862{col 48}{space 1}   -0.54{col 57}{space 3}0.588{col 65}{space 4}-.1939332{col 78}{space 3} .1104048
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .1115316{col 37}{space 2} .0593362{col 48}{space 1}    1.88{col 57}{space 3}0.062{col 65}{space 4}-.0057509{col 78}{space 3} .2288141
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1269914{col 37}{space 2} .0699703{col 48}{space 1}    1.81{col 57}{space 3}0.072{col 65}{space 4}-.0113101{col 78}{space 3} .2652928
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .227303{col 37}{space 2} .0873433{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .0546624{col 78}{space 3} .3999435
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2676674{col 37}{space 2} .1268719{col 48}{space 1}    2.11{col 57}{space 3}0.037{col 65}{space 4} .0168957{col 78}{space 3} .5184392
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3133162{col 37}{space 2} .1284846{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0593567{col 78}{space 3} .5672757
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2890943{col 37}{space 2}    .1354{col 48}{space 1}    2.14{col 57}{space 3}0.034{col 65}{space 4}  .021466{col 78}{space 3} .5567226
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3612868{col 37}{space 2} .1506017{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0636112{col 78}{space 3} .6589623
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4537879{col 37}{space 2} .1672913{col 48}{space 1}    2.71{col 57}{space 3}0.007{col 65}{space 4}  .123124{col 78}{space 3} .7844518
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4656134{col 37}{space 2} .1911593{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0877727{col 78}{space 3} .8434542
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4995416{col 37}{space 2} .2123908{col 48}{space 1}    2.35{col 57}{space 3}0.020{col 65}{space 4} .0797353{col 78}{space 3} .9193479
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4501841{col 37}{space 2} .2193676{col 48}{space 1}    2.05{col 57}{space 3}0.042{col 65}{space 4} .0165876{col 78}{space 3} .8837806
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}  .433851{col 37}{space 2} .2067831{col 48}{space 1}    2.10{col 57}{space 3}0.038{col 65}{space 4} .0251287{col 78}{space 3} .8425732
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4508692{col 37}{space 2} .2073257{col 48}{space 1}    2.17{col 57}{space 3}0.031{col 65}{space 4} .0410744{col 78}{space 3} .8606641
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4983975{col 37}{space 2} .2234968{col 48}{space 1}    2.23{col 57}{space 3}0.027{col 65}{space 4} .0566393{col 78}{space 3} .9401557
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5643709{col 37}{space 2} .2278771{col 48}{space 1}    2.48{col 57}{space 3}0.014{col 65}{space 4} .1139546{col 78}{space 3} 1.014787
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .6217438{col 37}{space 2} .2280268{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1710318{col 78}{space 3} 1.072456
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6348937{col 37}{space 2} .2385058{col 48}{space 1}    2.66{col 57}{space 3}0.009{col 65}{space 4} .1634691{col 78}{space 3} 1.106318
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7298371{col 37}{space 2} .2540088{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4} .2277697{col 78}{space 3} 1.231905
{txt}{space 18}1989  {c |}{col 25}{res}{space 2}   .77822{col 37}{space 2} .2646731{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2550738{col 78}{space 3} 1.301366
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8308413{col 37}{space 2} .2838188{col 48}{space 1}    2.93{col 57}{space 3}0.004{col 65}{space 4} .2698522{col 78}{space 3}  1.39183
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9444078{col 37}{space 2} .2888231{col 48}{space 1}    3.27{col 57}{space 3}0.001{col 65}{space 4} .3735272{col 78}{space 3} 1.515288
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.057834{col 37}{space 2} .2984566{col 48}{space 1}    3.54{col 57}{space 3}0.001{col 65}{space 4} .4679122{col 78}{space 3} 1.647756
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.309947{col 37}{space 2} .3111811{col 48}{space 1}    4.21{col 57}{space 3}0.000{col 65}{space 4} .6948745{col 78}{space 3}  1.92502
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.459333{col 37}{space 2} .3186524{col 48}{space 1}    4.58{col 57}{space 3}0.000{col 65}{space 4} .8294925{col 78}{space 3} 2.089173
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.645451{col 37}{space 2} .3272933{col 48}{space 1}    5.03{col 57}{space 3}0.000{col 65}{space 4} .9985312{col 78}{space 3} 2.292371
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.644342{col 37}{space 2} .3606175{col 48}{space 1}    4.56{col 57}{space 3}0.000{col 65}{space 4} .9315547{col 78}{space 3}  2.35713
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.721084{col 37}{space 2} .3576911{col 48}{space 1}    4.81{col 57}{space 3}0.000{col 65}{space 4} 1.014081{col 78}{space 3} 2.428087
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.771607{col 37}{space 2} .3647883{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.050576{col 78}{space 3} 2.492639
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.847458{col 37}{space 2} .3704746{col 48}{space 1}    4.99{col 57}{space 3}0.000{col 65}{space 4} 1.115187{col 78}{space 3} 2.579729
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.884299{col 37}{space 2} .3771181{col 48}{space 1}    5.00{col 57}{space 3}0.000{col 65}{space 4} 1.138896{col 78}{space 3} 2.629701
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.958665{col 37}{space 2} .3849925{col 48}{space 1}    5.09{col 57}{space 3}0.000{col 65}{space 4} 1.197698{col 78}{space 3} 2.719631
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.024414{col 37}{space 2} .3925205{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.248568{col 78}{space 3}  2.80026
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.107753{col 37}{space 2} .4031998{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} 1.310799{col 78}{space 3} 2.904708
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.158994{col 37}{space 2} .4185771{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.331645{col 78}{space 3} 2.986343
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.087321{col 37}{space 2} .4332505{col 48}{space 1}    4.82{col 57}{space 3}0.000{col 65}{space 4} 1.230969{col 78}{space 3} 2.943673
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .6890977{col 37}{space 2}  2.40898{col 48}{space 1}    0.29{col 57}{space 3}0.775{col 65}{space 4}-4.072433{col 78}{space 3} 5.450628
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res}  2.991256
                {txt}sigma_e {c |} {res} .84749432
                    {txt}rho {c |} {res} .92569242{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. margins, dydx(l.sanction_onset) at(vdem=(0 (.05) 1))
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,229}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.sanction_onset}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:0}}
{lalign 8:2._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.05}}
{lalign 8:3._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.1}}
{lalign 8:4._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.15}}
{lalign 8:5._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.2}}
{lalign 8:6._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.25}}
{lalign 8:7._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.3}}
{lalign 8:8._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.35}}
{lalign 8:9._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.4}}
{lalign 8:10._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.45}}
{lalign 8:11._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.5}}
{lalign 8:12._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.55}}
{lalign 8:13._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.6}}
{lalign 8:14._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.65}}
{lalign 8:15._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.7}}
{lalign 8:16._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.75}}
{lalign 8:17._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.8}}
{lalign 8:18._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.85}}
{lalign 8:19._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.9}}
{lalign 8:20._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.95}}
{lalign 8:21._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:1}}

{res}{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32} Delta-method
{col 20}{c |}      dy/dx{col 32}   std. err.{col 44}      z{col 52}   P>|z|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.sanction_onset {col 20}{txt}{c |}  (base outcome)
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.sanction_onset  {txt}{c |}
{space 15}_at {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.5741689{col 32}{space 2} .1301456{col 43}{space 1}   -4.41{col 52}{space 3}0.000{col 60}{space 4}-.8292496{col 73}{space 3}-.3190883
{txt}{space 16}2  {c |}{col 20}{res}{space 2}-.5304988{col 32}{space 2} .1200088{col 43}{space 1}   -4.42{col 52}{space 3}0.000{col 60}{space 4}-.7657118{col 73}{space 3}-.2952859
{txt}{space 16}3  {c |}{col 20}{res}{space 2}-.4868287{col 32}{space 2} .1102213{col 43}{space 1}   -4.42{col 52}{space 3}0.000{col 60}{space 4}-.7028586{col 73}{space 3}-.2707988
{txt}{space 16}4  {c |}{col 20}{res}{space 2}-.4431586{col 32}{space 2} .1008849{col 43}{space 1}   -4.39{col 52}{space 3}0.000{col 60}{space 4}-.6408893{col 73}{space 3}-.2454279
{txt}{space 16}5  {c |}{col 20}{res}{space 2}-.3994885{col 32}{space 2} .0921366{col 43}{space 1}   -4.34{col 52}{space 3}0.000{col 60}{space 4}-.5800729{col 73}{space 3} -.218904
{txt}{space 16}6  {c |}{col 20}{res}{space 2}-.3558184{col 32}{space 2} .0841602{col 43}{space 1}   -4.23{col 52}{space 3}0.000{col 60}{space 4}-.5207694{col 73}{space 3}-.1908674
{txt}{space 16}7  {c |}{col 20}{res}{space 2}-.3121482{col 32}{space 2} .0771953{col 43}{space 1}   -4.04{col 52}{space 3}0.000{col 60}{space 4}-.4634482{col 73}{space 3}-.1608483
{txt}{space 16}8  {c |}{col 20}{res}{space 2}-.2684781{col 32}{space 2} .0715379{col 43}{space 1}   -3.75{col 52}{space 3}0.000{col 60}{space 4}-.4086898{col 73}{space 3}-.1282665
{txt}{space 16}9  {c |}{col 20}{res}{space 2} -.224808{col 32}{space 2} .0675174{col 43}{space 1}   -3.33{col 52}{space 3}0.001{col 60}{space 4}-.3571398{col 73}{space 3}-.0924762
{txt}{space 15}10  {c |}{col 20}{res}{space 2}-.1811379{col 32}{space 2} .0654365{col 43}{space 1}   -2.77{col 52}{space 3}0.006{col 60}{space 4} -.309391{col 73}{space 3}-.0528848
{txt}{space 15}11  {c |}{col 20}{res}{space 2}-.1374678{col 32}{space 2} .0654801{col 43}{space 1}   -2.10{col 52}{space 3}0.036{col 60}{space 4}-.2658064{col 73}{space 3}-.0091292
{txt}{space 15}12  {c |}{col 20}{res}{space 2}-.0937977{col 32}{space 2} .0676442{col 43}{space 1}   -1.39{col 52}{space 3}0.166{col 60}{space 4}-.2263778{col 73}{space 3} .0387825
{txt}{space 15}13  {c |}{col 20}{res}{space 2}-.0501275{col 32}{space 2} .0717371{col 43}{space 1}   -0.70{col 52}{space 3}0.485{col 60}{space 4}-.1907297{col 73}{space 3} .0904746
{txt}{space 15}14  {c |}{col 20}{res}{space 2}-.0064575{col 32}{space 2} .0774537{col 43}{space 1}   -0.08{col 52}{space 3}0.934{col 60}{space 4}-.1582639{col 73}{space 3}  .145349
{txt}{space 15}15  {c |}{col 20}{res}{space 2} .0372127{col 32}{space 2} .0844649{col 43}{space 1}    0.44{col 52}{space 3}0.660{col 60}{space 4}-.1283356{col 73}{space 3} .2027609
{txt}{space 15}16  {c |}{col 20}{res}{space 2} .0808828{col 32}{space 2} .0924768{col 43}{space 1}    0.87{col 52}{space 3}0.382{col 60}{space 4}-.1003684{col 73}{space 3}  .262134
{txt}{space 15}17  {c |}{col 20}{res}{space 2} .1245529{col 32}{space 2} .1012521{col 43}{space 1}    1.23{col 52}{space 3}0.219{col 60}{space 4}-.0738975{col 73}{space 3} .3230033
{txt}{space 15}18  {c |}{col 20}{res}{space 2} .1682231{col 32}{space 2} .1106092{col 43}{space 1}    1.52{col 52}{space 3}0.128{col 60}{space 4}-.0485669{col 73}{space 3}  .385013
{txt}{space 15}19  {c |}{col 20}{res}{space 2} .2118931{col 32}{space 2} .1204125{col 43}{space 1}    1.76{col 52}{space 3}0.078{col 60}{space 4}-.0241111{col 73}{space 3} .4478973
{txt}{space 15}20  {c |}{col 20}{res}{space 2} .2555633{col 32}{space 2} .1305617{col 43}{space 1}    1.96{col 52}{space 3}0.050{col 60}{space 4}-.0003329{col 73}{space 3} .5114594
{txt}{space 15}21  {c |}{col 20}{res}{space 2} .2992334{col 32}{space 2} .1409819{col 43}{space 1}    2.12{col 52}{space 3}0.034{col 60}{space 4} .0229139{col 73}{space 3} .5755529
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 84}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) addplot(hist vdem if e(sample), below percent bin(200) lcolor(black*0.5) fcolor(white) yaxis(2) yscale(off axis(2))) graphregion(color(white)) legend (off)    scheme(s1mono)  recastci(rline) recast(line)
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:vdem}{p_end}
{res}{txt}
{com}. 
. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2350{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0582{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0360{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.59
{txt}corr(u_i, Xb) = {res}-0.9130{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5741689{col 37}{space 2} .1301456{col 48}{space 1}   -4.41{col 57}{space 3}0.000{col 65}{space 4}-.8314114{col 78}{space 3}-.3169264
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2256697{col 37}{space 2} .3240691{col 48}{space 1}   -0.70{col 57}{space 3}0.487{col 65}{space 4}-.8662166{col 78}{space 3} .4148772
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8734023{col 37}{space 2} .2376489{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .4036714{col 78}{space 3} 1.343133
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.734354{col 37}{space 2}  .462533{col 48}{space 1}   -3.75{col 57}{space 3}0.000{col 65}{space 4}-2.648585{col 78}{space 3}-.8201223
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2409444{col 37}{space 2} .2167447{col 48}{space 1}    1.11{col 57}{space 3}0.268{col 65}{space 4}-.1874677{col 78}{space 3} .6693566
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4737597{col 37}{space 2} .2583749{col 48}{space 1}    1.83{col 57}{space 3}0.069{col 65}{space 4}-.0369378{col 78}{space 3} .9844571
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0638657{col 37}{space 2} .1387725{col 48}{space 1}    0.46{col 57}{space 3}0.646{col 65}{space 4}-.2104286{col 78}{space 3}   .33816
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1011671{col 37}{space 2} .0954529{col 48}{space 1}   -1.06{col 57}{space 3}0.291{col 65}{space 4}-.2898369{col 78}{space 3} .0875027
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0417642{col 37}{space 2} .0769862{col 48}{space 1}   -0.54{col 57}{space 3}0.588{col 65}{space 4}-.1939332{col 78}{space 3} .1104048
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .1115316{col 37}{space 2} .0593362{col 48}{space 1}    1.88{col 57}{space 3}0.062{col 65}{space 4}-.0057509{col 78}{space 3} .2288141
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1269914{col 37}{space 2} .0699703{col 48}{space 1}    1.81{col 57}{space 3}0.072{col 65}{space 4}-.0113101{col 78}{space 3} .2652928
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .227303{col 37}{space 2} .0873433{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .0546624{col 78}{space 3} .3999435
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2676674{col 37}{space 2} .1268719{col 48}{space 1}    2.11{col 57}{space 3}0.037{col 65}{space 4} .0168957{col 78}{space 3} .5184392
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3133162{col 37}{space 2} .1284846{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0593567{col 78}{space 3} .5672757
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2890943{col 37}{space 2}    .1354{col 48}{space 1}    2.14{col 57}{space 3}0.034{col 65}{space 4}  .021466{col 78}{space 3} .5567226
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3612868{col 37}{space 2} .1506017{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0636112{col 78}{space 3} .6589623
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4537879{col 37}{space 2} .1672913{col 48}{space 1}    2.71{col 57}{space 3}0.007{col 65}{space 4}  .123124{col 78}{space 3} .7844518
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4656134{col 37}{space 2} .1911593{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0877727{col 78}{space 3} .8434542
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4995416{col 37}{space 2} .2123908{col 48}{space 1}    2.35{col 57}{space 3}0.020{col 65}{space 4} .0797353{col 78}{space 3} .9193479
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4501841{col 37}{space 2} .2193676{col 48}{space 1}    2.05{col 57}{space 3}0.042{col 65}{space 4} .0165876{col 78}{space 3} .8837806
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}  .433851{col 37}{space 2} .2067831{col 48}{space 1}    2.10{col 57}{space 3}0.038{col 65}{space 4} .0251287{col 78}{space 3} .8425732
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4508692{col 37}{space 2} .2073257{col 48}{space 1}    2.17{col 57}{space 3}0.031{col 65}{space 4} .0410744{col 78}{space 3} .8606641
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4983975{col 37}{space 2} .2234968{col 48}{space 1}    2.23{col 57}{space 3}0.027{col 65}{space 4} .0566393{col 78}{space 3} .9401557
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5643709{col 37}{space 2} .2278771{col 48}{space 1}    2.48{col 57}{space 3}0.014{col 65}{space 4} .1139546{col 78}{space 3} 1.014787
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .6217438{col 37}{space 2} .2280268{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1710318{col 78}{space 3} 1.072456
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6348937{col 37}{space 2} .2385058{col 48}{space 1}    2.66{col 57}{space 3}0.009{col 65}{space 4} .1634691{col 78}{space 3} 1.106318
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7298371{col 37}{space 2} .2540088{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4} .2277697{col 78}{space 3} 1.231905
{txt}{space 18}1989  {c |}{col 25}{res}{space 2}   .77822{col 37}{space 2} .2646731{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2550738{col 78}{space 3} 1.301366
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8308413{col 37}{space 2} .2838188{col 48}{space 1}    2.93{col 57}{space 3}0.004{col 65}{space 4} .2698522{col 78}{space 3}  1.39183
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9444078{col 37}{space 2} .2888231{col 48}{space 1}    3.27{col 57}{space 3}0.001{col 65}{space 4} .3735272{col 78}{space 3} 1.515288
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.057834{col 37}{space 2} .2984566{col 48}{space 1}    3.54{col 57}{space 3}0.001{col 65}{space 4} .4679122{col 78}{space 3} 1.647756
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.309947{col 37}{space 2} .3111811{col 48}{space 1}    4.21{col 57}{space 3}0.000{col 65}{space 4} .6948745{col 78}{space 3}  1.92502
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.459333{col 37}{space 2} .3186524{col 48}{space 1}    4.58{col 57}{space 3}0.000{col 65}{space 4} .8294925{col 78}{space 3} 2.089173
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.645451{col 37}{space 2} .3272933{col 48}{space 1}    5.03{col 57}{space 3}0.000{col 65}{space 4} .9985312{col 78}{space 3} 2.292371
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.644342{col 37}{space 2} .3606175{col 48}{space 1}    4.56{col 57}{space 3}0.000{col 65}{space 4} .9315547{col 78}{space 3}  2.35713
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.721084{col 37}{space 2} .3576911{col 48}{space 1}    4.81{col 57}{space 3}0.000{col 65}{space 4} 1.014081{col 78}{space 3} 2.428087
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.771607{col 37}{space 2} .3647883{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.050576{col 78}{space 3} 2.492639
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.847458{col 37}{space 2} .3704746{col 48}{space 1}    4.99{col 57}{space 3}0.000{col 65}{space 4} 1.115187{col 78}{space 3} 2.579729
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.884299{col 37}{space 2} .3771181{col 48}{space 1}    5.00{col 57}{space 3}0.000{col 65}{space 4} 1.138896{col 78}{space 3} 2.629701
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.958665{col 37}{space 2} .3849925{col 48}{space 1}    5.09{col 57}{space 3}0.000{col 65}{space 4} 1.197698{col 78}{space 3} 2.719631
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.024414{col 37}{space 2} .3925205{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.248568{col 78}{space 3}  2.80026
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.107753{col 37}{space 2} .4031998{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} 1.310799{col 78}{space 3} 2.904708
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.158994{col 37}{space 2} .4185771{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.331645{col 78}{space 3} 2.986343
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.087321{col 37}{space 2} .4332505{col 48}{space 1}    4.82{col 57}{space 3}0.000{col 65}{space 4} 1.230969{col 78}{space 3} 2.943673
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .6890977{col 37}{space 2}  2.40898{col 48}{space 1}    0.29{col 57}{space 3}0.775{col 65}{space 4}-4.072433{col 78}{space 3} 5.450628
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res}  2.991256
                {txt}sigma_e {c |} {res} .84749432
                    {txt}rho {c |} {res} .92569242{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. margins, at (l.sanction_onset = (0 1) vdem = (0 (.1) 1))
{res}
{txt}{col 1}Predictive margins{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,229}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:0}}
{lalign 8:2._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.1}}
{lalign 8:3._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.2}}
{lalign 8:4._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.3}}
{lalign 8:5._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.4}}
{lalign 8:6._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.5}}
{lalign 8:7._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.6}}
{lalign 8:8._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.7}}
{lalign 8:9._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.8}}
{lalign 8:10._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.9}}
{lalign 8:11._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:1}}
{lalign 8:12._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:0}}
{lalign 8:13._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.1}}
{lalign 8:14._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.2}}
{lalign 8:15._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.3}}
{lalign 8:16._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.4}}
{lalign 8:17._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.5}}
{lalign 8:18._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.6}}
{lalign 8:19._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.7}}
{lalign 8:20._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.8}}
{lalign 8:21._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:.9}}
{lalign 8:22._at: }{space 0}{lalign 16:L.sanction_onset} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 16:vdem} = {res:{ralign 2:1}}

{res}{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26} Delta-method
{col 14}{c |}     Margin{col 26}   std. err.{col 38}      z{col 46}   P>|z|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}_at {c |}
{space 10}1  {c |}{col 14}{res}{space 2} .1390278{col 26}{space 2} .1414909{col 37}{space 1}    0.98{col 46}{space 3}0.326{col 54}{space 4}-.1382894{col 67}{space 3} .4163449
{txt}{space 10}2  {c |}{col 14}{res}{space 2} .1164608{col 26}{space 2} .1091225{col 37}{space 1}    1.07{col 46}{space 3}0.286{col 54}{space 4}-.0974153{col 67}{space 3} .3303369
{txt}{space 10}3  {c |}{col 14}{res}{space 2} .0938938{col 26}{space 2} .0767864{col 37}{space 1}    1.22{col 46}{space 3}0.221{col 54}{space 4}-.0566048{col 67}{space 3} .2443924
{txt}{space 10}4  {c |}{col 14}{res}{space 2} .0713269{col 26}{space 2} .0445534{col 37}{space 1}    1.60{col 46}{space 3}0.109{col 54}{space 4}-.0159963{col 67}{space 3}   .15865
{txt}{space 10}5  {c |}{col 14}{res}{space 2} .0487599{col 26}{space 2} .0132015{col 37}{space 1}    3.69{col 46}{space 3}0.000{col 54}{space 4} .0228853{col 67}{space 3} .0746344
{txt}{space 10}6  {c |}{col 14}{res}{space 2} .0261929{col 26}{space 2} .0215399{col 37}{space 1}    1.22{col 46}{space 3}0.224{col 54}{space 4}-.0160246{col 67}{space 3} .0684104
{txt}{space 10}7  {c |}{col 14}{res}{space 2} .0036259{col 26}{space 2} .0534235{col 37}{space 1}    0.07{col 46}{space 3}0.946{col 54}{space 4}-.1010822{col 67}{space 3} .1083341
{txt}{space 10}8  {c |}{col 14}{res}{space 2} -.018941{col 26}{space 2} .0857006{col 37}{space 1}   -0.22{col 46}{space 3}0.825{col 54}{space 4}-.1869111{col 67}{space 3} .1490291
{txt}{space 10}9  {c |}{col 14}{res}{space 2} -.041508{col 26}{space 2} .1180488{col 37}{space 1}   -0.35{col 46}{space 3}0.725{col 54}{space 4}-.2728795{col 67}{space 3} .1898635
{txt}{space 9}10  {c |}{col 14}{res}{space 2}-.0640749{col 26}{space 2} .1504223{col 37}{space 1}   -0.43{col 46}{space 3}0.670{col 54}{space 4}-.3588973{col 67}{space 3} .2307474
{txt}{space 9}11  {c |}{col 14}{res}{space 2}-.0866419{col 26}{space 2} .1828077{col 37}{space 1}   -0.47{col 46}{space 3}0.636{col 54}{space 4}-.4449384{col 67}{space 3} .2716545
{txt}{space 9}12  {c |}{col 14}{res}{space 2}-.4351412{col 26}{space 2} .1708018{col 37}{space 1}   -2.55{col 46}{space 3}0.011{col 54}{space 4}-.7699066{col 67}{space 3}-.1003757
{txt}{space 9}13  {c |}{col 14}{res}{space 2}-.3703679{col 26}{space 2} .1380483{col 37}{space 1}   -2.68{col 46}{space 3}0.007{col 54}{space 4}-.6409377{col 67}{space 3}-.0997982
{txt}{space 9}14  {c |}{col 14}{res}{space 2}-.3055946{col 26}{space 2} .1071638{col 37}{space 1}   -2.85{col 46}{space 3}0.004{col 54}{space 4}-.5156319{col 67}{space 3}-.0955574
{txt}{space 9}15  {c |}{col 14}{res}{space 2}-.2408214{col 26}{space 2} .0803337{col 37}{space 1}   -3.00{col 46}{space 3}0.003{col 54}{space 4}-.3982725{col 67}{space 3}-.0833703
{txt}{space 9}16  {c |}{col 14}{res}{space 2}-.1760481{col 26}{space 2} .0629729{col 37}{space 1}   -2.80{col 46}{space 3}0.005{col 54}{space 4}-.2994726{col 67}{space 3}-.0526236
{txt}{space 9}17  {c |}{col 14}{res}{space 2}-.1112749{col 26}{space 2} .0634061{col 37}{space 1}   -1.75{col 46}{space 3}0.079{col 54}{space 4}-.2355485{col 67}{space 3} .0129988
{txt}{space 9}18  {c |}{col 14}{res}{space 2}-.0465016{col 26}{space 2} .0813496{col 37}{space 1}   -0.57{col 46}{space 3}0.568{col 54}{space 4}-.2059438{col 67}{space 3} .1129407
{txt}{space 9}19  {c |}{col 14}{res}{space 2} .0182717{col 26}{space 2} .1084336{col 37}{space 1}    0.17{col 46}{space 3}0.866{col 54}{space 4}-.1942543{col 67}{space 3} .2307976
{txt}{space 9}20  {c |}{col 14}{res}{space 2} .0830449{col 26}{space 2} .1394296{col 37}{space 1}    0.60{col 46}{space 3}0.551{col 54}{space 4} -.190232{col 67}{space 3} .3563219
{txt}{space 9}21  {c |}{col 14}{res}{space 2} .1478182{col 26}{space 2} .1722383{col 37}{space 1}    0.86{col 46}{space 3}0.391{col 54}{space 4}-.1897627{col 67}{space 3}  .485399
{txt}{space 9}22  {c |}{col 14}{res}{space 2} .2125915{col 26}{space 2} .2059955{col 37}{space 1}    1.03{col 46}{space 3}0.302{col 54}{space 4}-.1911522{col 67}{space 3} .6163352
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. marginsplot, x(vdem) l(95) graphregion(color(white))
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:L.sanction_onset vdem}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 sanctepisode##i.democracy $controls dyear dyear2 dyear3, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.1462{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.3564{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.3078{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}12{txt}, {res}151{txt}){col 67}={col 70}{res}     5.90
{txt}corr(u_i, Xb) = {res}-0.1302{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 88:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 1}           ckaopen2010{col 24}{c |} Coefficient{col 36}  std. err.{col 48}      t{col 56}   P>|t|{col 64}     [95% con{col 77}f. interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 8}1.sanctepisode {c |}{col 24}{res}{space 2}-.4789745{col 36}{space 2} .1345299{col 47}{space 1}   -3.56{col 56}{space 3}0.000{col 64}{space 4}-.7447784{col 77}{space 3}-.2131705
{txt}{space 11}1.democracy {c |}{col 24}{res}{space 2}-.1286374{col 36}{space 2} .1680063{col 47}{space 1}   -0.77{col 56}{space 3}0.445{col 64}{space 4}-.4605839{col 77}{space 3} .2033092
{txt}{space 22} {c |}
sanctepisode#democracy {c |}
{space 18}1 1  {c |}{col 24}{res}{space 2}  .599127{col 36}{space 2}   .16959{col 47}{space 1}    3.53{col 56}{space 3}0.001{col 64}{space 4} .2640513{col 77}{space 3} .9342027
{txt}{space 22} {c |}
{space 10}targ_pop_log {c |}{col 24}{res}{space 2} .0770679{col 36}{space 2} .3370075{col 47}{space 1}    0.23{col 56}{space 3}0.819{col 64}{space 4}-.5887913{col 77}{space 3}  .742927
{txt}{space 8}targ_gdppc_log {c |}{col 24}{res}{space 2} .6015326{col 36}{space 2} .2113313{col 47}{space 1}    2.85{col 56}{space 3}0.005{col 64}{space 4} .1839844{col 77}{space 3} 1.019081
{txt}{space 8}targ_gdpgrowth {c |}{col 24}{res}{space 2} .6306163{col 36}{space 2} .2885531{col 47}{space 1}    2.19{col 56}{space 3}0.030{col 64}{space 4} .0604933{col 77}{space 3} 1.200739
{txt}{space 10}lntrade_open {c |}{col 24}{res}{space 2} .3790586{col 36}{space 2} .1185766{col 47}{space 1}    3.20{col 56}{space 3}0.002{col 64}{space 4}  .144775{col 77}{space 3} .6133421
{txt}{space 19}peg {c |}{col 24}{res}{space 2} .0027011{col 36}{space 2} .1034856{col 47}{space 1}    0.03{col 56}{space 3}0.979{col 64}{space 4}-.2017656{col 77}{space 3} .2071678
{txt}{space 14}underimf {c |}{col 24}{res}{space 2}-.0936701{col 36}{space 2}  .080546{col 47}{space 1}   -1.16{col 56}{space 3}0.247{col 64}{space 4}-.2528127{col 77}{space 3} .0654725
{txt}{space 17}dyear {c |}{col 24}{res}{space 2}-.0296773{col 36}{space 2} .0255335{col 47}{space 1}   -1.16{col 56}{space 3}0.247{col 64}{space 4}-.0801264{col 77}{space 3} .0207718
{txt}{space 16}dyear2 {c |}{col 24}{res}{space 2} .0012291{col 36}{space 2} .0014508{col 47}{space 1}    0.85{col 56}{space 3}0.398{col 64}{space 4}-.0016373{col 77}{space 3} .0040955
{txt}{space 16}dyear3 {c |}{col 24}{res}{space 2}-.0000118{col 36}{space 2} .0000233{col 47}{space 1}   -0.51{col 56}{space 3}0.611{col 64}{space 4}-.0000578{col 77}{space 3} .0000341
{txt}{space 17}_cons {c |}{col 24}{res}{space 2}-4.379263{col 36}{space 2} 2.262363{col 47}{space 1}   -1.94{col 56}{space 3}0.055{col 64}{space 4}-8.849236{col 77}{space 3} .0907113
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
               sigma_u {c |} {res} 1.0209354
               {txt}sigma_e {c |} {res} .88539978
                   {txt}rho {c |} {res} .57073991{txt}   (fraction of variance due to u_i)
{hline 23}{c BT}{hline 64}

{com}. xtreg ckaopen2010 sanctepisode##c.vdem $controls dyear dyear2 dyear3, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.1603{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.3786{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.3248{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}12{txt}, {res}144{txt}){col 67}={col 70}{res}     6.20
{txt}corr(u_i, Xb) = {res}-0.2095{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 85:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}        ckaopen2010{col 21}{c |} Coefficient{col 33}  std. err.{col 45}      t{col 53}   P>|t|{col 61}     [95% con{col 74}f. interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 5}1.sanctepisode {c |}{col 21}{res}{space 2}-.6708682{col 33}{space 2} .1816092{col 44}{space 1}   -3.69{col 53}{space 3}0.000{col 61}{space 4}-1.029832{col 74}{space 3} -.311904
{txt}{space 15}vdem {c |}{col 21}{res}{space 2} .1804942{col 33}{space 2}  .347214{col 44}{space 1}    0.52{col 53}{space 3}0.604{col 61}{space 4}-.5058003{col 74}{space 3} .8667887
{txt}{space 19} {c |}
sanctepisode#c.vdem {c |}
{space 17}1  {c |}{col 21}{res}{space 2} 1.078516{col 33}{space 2} .3023469{col 44}{space 1}    3.57{col 53}{space 3}0.000{col 61}{space 4} .4809044{col 74}{space 3} 1.676127
{txt}{space 19} {c |}
{space 7}targ_pop_log {c |}{col 21}{res}{space 2}-.0327536{col 33}{space 2}  .345179{col 44}{space 1}   -0.09{col 53}{space 3}0.925{col 61}{space 4}-.7150259{col 74}{space 3} .6495186
{txt}{space 5}targ_gdppc_log {c |}{col 21}{res}{space 2}  .624149{col 33}{space 2} .2110238{col 44}{space 1}    2.96{col 53}{space 3}0.004{col 61}{space 4} .2070446{col 74}{space 3} 1.041253
{txt}{space 5}targ_gdpgrowth {c |}{col 21}{res}{space 2} .5031143{col 33}{space 2} .2761489{col 44}{space 1}    1.82{col 53}{space 3}0.071{col 61}{space 4}-.0427147{col 74}{space 3} 1.048943
{txt}{space 7}lntrade_open {c |}{col 21}{res}{space 2} .3195952{col 33}{space 2} .1162395{col 44}{space 1}    2.75{col 53}{space 3}0.007{col 61}{space 4} .0898392{col 74}{space 3} .5493512
{txt}{space 16}peg {c |}{col 21}{res}{space 2}-.0068452{col 33}{space 2} .1014134{col 44}{space 1}   -0.07{col 53}{space 3}0.946{col 61}{space 4}-.2072964{col 74}{space 3} .1936059
{txt}{space 11}underimf {c |}{col 21}{res}{space 2}-.1193788{col 33}{space 2} .0781886{col 44}{space 1}   -1.53{col 53}{space 3}0.129{col 61}{space 4}-.2739244{col 74}{space 3} .0351669
{txt}{space 14}dyear {c |}{col 21}{res}{space 2}-.0282997{col 33}{space 2} .0250761{col 44}{space 1}   -1.13{col 53}{space 3}0.261{col 61}{space 4}-.0778645{col 74}{space 3} .0212651
{txt}{space 13}dyear2 {c |}{col 21}{res}{space 2} .0009905{col 33}{space 2} .0014557{col 44}{space 1}    0.68{col 53}{space 3}0.497{col 61}{space 4}-.0018867{col 74}{space 3} .0038678
{txt}{space 13}dyear3 {c |}{col 21}{res}{space 2}-3.95e-06{col 33}{space 2}  .000024{col 44}{space 1}   -0.16{col 53}{space 3}0.870{col 61}{space 4}-.0000515{col 74}{space 3} .0000436
{txt}{space 14}_cons {c |}{col 21}{res}{space 2}-4.581254{col 33}{space 2}  2.28247{col 44}{space 1}   -2.01{col 53}{space 3}0.047{col 61}{space 4}-9.092727{col 74}{space 3}-.0697804
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
            sigma_u {c |} {res} 1.0282994
            {txt}sigma_e {c |} {res} .88441484
                {txt}rho {c |} {res} .57480206{txt}   (fraction of variance due to u_i)
{hline 20}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##i.democracy l2.sanction_onset##i.democracy l3.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2268{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0285{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0203{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}48{txt}, {res}151{txt}){col 67}={col 70}{res}     5.77
{txt}corr(u_i, Xb) = {res}-0.9215{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 93:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 28}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 29}{c |}{col 41}    Robust
{col 1}                ckaopen2010{col 29}{c |} Coefficient{col 41}  std. err.{col 53}      t{col 61}   P>|t|{col 69}     [95% con{col 82}f. interval]
{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 11}L.sanction_onset {c |}
{space 25}1  {c |}{col 29}{res}{space 2}-.3777684{col 41}{space 2} .0972693{col 52}{space 1}   -3.88{col 61}{space 3}0.000{col 69}{space 4}-.5699529{col 82}{space 3}-.1855839
{txt}{space 27} {c |}
{space 16}1.democracy {c |}{col 29}{res}{space 2}-.2359015{col 41}{space 2} .1546378{col 52}{space 1}   -1.53{col 61}{space 3}0.129{col 69}{space 4}-.5414346{col 82}{space 3} .0696316
{txt}{space 27} {c |}
{space 1}L.sanction_onset#democracy {c |}
{space 23}1 1  {c |}{col 29}{res}{space 2} .4891909{col 41}{space 2} .1254234{col 52}{space 1}    3.90{col 61}{space 3}0.000{col 69}{space 4} .2413794{col 82}{space 3} .7370023
{txt}{space 27} {c |}
{space 10}L2.sanction_onset {c |}
{space 25}1  {c |}{col 29}{res}{space 2}-.5235888{col 41}{space 2} .0926246{col 52}{space 1}   -5.65{col 61}{space 3}0.000{col 69}{space 4}-.7065964{col 82}{space 3}-.3405811
{txt}{space 27} {c |}
L2.sanction_onset#democracy {c |}
{space 23}1 1  {c |}{col 29}{res}{space 2} .6505808{col 41}{space 2} .1173363{col 52}{space 1}    5.54{col 61}{space 3}0.000{col 69}{space 4} .4187479{col 82}{space 3} .8824137
{txt}{space 27} {c |}
{space 10}L3.sanction_onset {c |}
{space 25}1  {c |}{col 29}{res}{space 2}-.3644145{col 41}{space 2} .0833789{col 52}{space 1}   -4.37{col 61}{space 3}0.000{col 69}{space 4}-.5291544{col 82}{space 3}-.1996746
{txt}{space 27} {c |}
L3.sanction_onset#democracy {c |}
{space 23}1 1  {c |}{col 29}{res}{space 2} .2725616{col 41}{space 2} .1128306{col 52}{space 1}    2.42{col 61}{space 3}0.017{col 69}{space 4}  .049631{col 82}{space 3} .4954922
{txt}{space 27} {c |}
{space 15}targ_pop_log {c |}{col 29}{res}{space 2}-1.601257{col 41}{space 2} .4605776{col 52}{space 1}   -3.48{col 61}{space 3}0.001{col 69}{space 4}-2.511266{col 82}{space 3}-.6912485
{txt}{space 13}targ_gdppc_log {c |}{col 29}{res}{space 2} .2203213{col 41}{space 2} .2276137{col 52}{space 1}    0.97{col 61}{space 3}0.335{col 69}{space 4}-.2293975{col 82}{space 3} .6700402
{txt}{space 13}targ_gdpgrowth {c |}{col 29}{res}{space 2} .5761537{col 41}{space 2} .2615025{col 52}{space 1}    2.20{col 61}{space 3}0.029{col 69}{space 4} .0594773{col 82}{space 3}  1.09283
{txt}{space 15}lntrade_open {c |}{col 29}{res}{space 2} .1862528{col 41}{space 2} .1465385{col 52}{space 1}    1.27{col 61}{space 3}0.206{col 69}{space 4}-.1032778{col 82}{space 3} .4757834
{txt}{space 24}peg {c |}{col 29}{res}{space 2}-.0823602{col 41}{space 2} .0946171{col 52}{space 1}   -0.87{col 61}{space 3}0.385{col 69}{space 4}-.2693045{col 82}{space 3} .1045842
{txt}{space 19}underimf {c |}{col 29}{res}{space 2}-.0336456{col 41}{space 2} .0787489{col 52}{space 1}   -0.43{col 61}{space 3}0.670{col 69}{space 4}-.1892376{col 82}{space 3} .1219464
{txt}{space 27} {c |}
{space 23}year {c |}
{space 22}1971  {c |}{col 29}{res}{space 2} .1061061{col 41}{space 2} .0619998{col 52}{space 1}    1.71{col 61}{space 3}0.089{col 69}{space 4}-.0163931{col 82}{space 3} .2286052
{txt}{space 22}1972  {c |}{col 29}{res}{space 2}  .091961{col 41}{space 2} .0718198{col 52}{space 1}    1.28{col 61}{space 3}0.202{col 69}{space 4}-.0499405{col 82}{space 3} .2338625
{txt}{space 22}1973  {c |}{col 29}{res}{space 2} .1443976{col 41}{space 2} .0886347{col 52}{space 1}    1.63{col 61}{space 3}0.105{col 69}{space 4}-.0307267{col 82}{space 3} .3195219
{txt}{space 22}1974  {c |}{col 29}{res}{space 2} .1512353{col 41}{space 2} .1322693{col 52}{space 1}    1.14{col 61}{space 3}0.255{col 69}{space 4}-.1101022{col 82}{space 3} .4125729
{txt}{space 22}1975  {c |}{col 29}{res}{space 2} .2291611{col 41}{space 2} .1364139{col 52}{space 1}    1.68{col 61}{space 3}0.095{col 69}{space 4}-.0403652{col 82}{space 3} .4986875
{txt}{space 22}1976  {c |}{col 29}{res}{space 2}  .193268{col 41}{space 2} .1425394{col 52}{space 1}    1.36{col 61}{space 3}0.177{col 69}{space 4}-.0883612{col 82}{space 3} .4748971
{txt}{space 22}1977  {c |}{col 29}{res}{space 2} .2561282{col 41}{space 2} .1527067{col 52}{space 1}    1.68{col 61}{space 3}0.096{col 69}{space 4}-.0455895{col 82}{space 3} .5578459
{txt}{space 22}1978  {c |}{col 29}{res}{space 2} .3375158{col 41}{space 2} .1675136{col 52}{space 1}    2.01{col 61}{space 3}0.046{col 69}{space 4} .0065427{col 82}{space 3}  .668489
{txt}{space 22}1979  {c |}{col 29}{res}{space 2}  .330018{col 41}{space 2} .1915791{col 52}{space 1}    1.72{col 61}{space 3}0.087{col 69}{space 4}-.0485038{col 82}{space 3} .7085398
{txt}{space 22}1980  {c |}{col 29}{res}{space 2}  .318755{col 41}{space 2} .2166792{col 52}{space 1}    1.47{col 61}{space 3}0.143{col 69}{space 4}-.1093595{col 82}{space 3} .7468695
{txt}{space 22}1981  {c |}{col 29}{res}{space 2} .2829602{col 41}{space 2} .2261995{col 52}{space 1}    1.25{col 61}{space 3}0.213{col 69}{space 4}-.1639646{col 82}{space 3}  .729885
{txt}{space 22}1982  {c |}{col 29}{res}{space 2}  .279993{col 41}{space 2} .2151691{col 52}{space 1}    1.30{col 61}{space 3}0.195{col 69}{space 4}-.1451377{col 82}{space 3} .7051238
{txt}{space 22}1983  {c |}{col 29}{res}{space 2} .3001655{col 41}{space 2} .2144183{col 52}{space 1}    1.40{col 61}{space 3}0.164{col 69}{space 4} -.123482{col 82}{space 3}  .723813
{txt}{space 22}1984  {c |}{col 29}{res}{space 2} .3482638{col 41}{space 2} .2287553{col 52}{space 1}    1.52{col 61}{space 3}0.130{col 69}{space 4}-.1037106{col 82}{space 3} .8002383
{txt}{space 22}1985  {c |}{col 29}{res}{space 2} .4338195{col 41}{space 2} .2318232{col 52}{space 1}    1.87{col 61}{space 3}0.063{col 69}{space 4}-.0242166{col 82}{space 3} .8918556
{txt}{space 22}1986  {c |}{col 29}{res}{space 2} .4999318{col 41}{space 2} .2312334{col 52}{space 1}    2.16{col 61}{space 3}0.032{col 69}{space 4}  .043061{col 82}{space 3} .9568025
{txt}{space 22}1987  {c |}{col 29}{res}{space 2} .4908761{col 41}{space 2} .2420135{col 52}{space 1}    2.03{col 61}{space 3}0.044{col 69}{space 4} .0127061{col 82}{space 3}  .969046
{txt}{space 22}1988  {c |}{col 29}{res}{space 2} .5695421{col 41}{space 2} .2549595{col 52}{space 1}    2.23{col 61}{space 3}0.027{col 69}{space 4} .0657933{col 82}{space 3} 1.073291
{txt}{space 22}1989  {c |}{col 29}{res}{space 2} .6248855{col 41}{space 2} .2652583{col 52}{space 1}    2.36{col 61}{space 3}0.020{col 69}{space 4} .1007885{col 82}{space 3} 1.148983
{txt}{space 22}1990  {c |}{col 29}{res}{space 2} .6454489{col 41}{space 2}  .282724{col 52}{space 1}    2.28{col 61}{space 3}0.024{col 69}{space 4} .0868431{col 82}{space 3} 1.204055
{txt}{space 22}1991  {c |}{col 29}{res}{space 2} .7670685{col 41}{space 2} .2878445{col 52}{space 1}    2.66{col 61}{space 3}0.009{col 69}{space 4} .1983457{col 82}{space 3} 1.335791
{txt}{space 22}1992  {c |}{col 29}{res}{space 2} .8661088{col 41}{space 2} .2981726{col 52}{space 1}    2.90{col 61}{space 3}0.004{col 69}{space 4} .2769796{col 82}{space 3} 1.455238
{txt}{space 22}1993  {c |}{col 29}{res}{space 2} 1.123298{col 41}{space 2} .3072025{col 52}{space 1}    3.66{col 61}{space 3}0.000{col 69}{space 4} .5163278{col 82}{space 3} 1.730269
{txt}{space 22}1994  {c |}{col 29}{res}{space 2} 1.263316{col 41}{space 2} .3140836{col 52}{space 1}    4.02{col 61}{space 3}0.000{col 69}{space 4} .6427498{col 82}{space 3} 1.883882
{txt}{space 22}1995  {c |}{col 29}{res}{space 2} 1.435467{col 41}{space 2} .3224033{col 52}{space 1}    4.45{col 61}{space 3}0.000{col 69}{space 4} .7984633{col 82}{space 3} 2.072472
{txt}{space 22}1996  {c |}{col 29}{res}{space 2} 1.335031{col 41}{space 2} .3573333{col 52}{space 1}    3.74{col 61}{space 3}0.000{col 69}{space 4} .6290127{col 82}{space 3}  2.04105
{txt}{space 22}1997  {c |}{col 29}{res}{space 2} 1.438427{col 41}{space 2} .3556707{col 52}{space 1}    4.04{col 61}{space 3}0.000{col 69}{space 4} .7356928{col 82}{space 3}  2.14116
{txt}{space 22}1998  {c |}{col 29}{res}{space 2} 1.501364{col 41}{space 2} .3620099{col 52}{space 1}    4.15{col 61}{space 3}0.000{col 69}{space 4} .7861054{col 82}{space 3} 2.216623
{txt}{space 22}1999  {c |}{col 29}{res}{space 2} 1.588867{col 41}{space 2} .3677138{col 52}{space 1}    4.32{col 61}{space 3}0.000{col 69}{space 4} .8623387{col 82}{space 3} 2.315396
{txt}{space 22}2000  {c |}{col 29}{res}{space 2} 1.606429{col 41}{space 2} .3757743{col 52}{space 1}    4.27{col 61}{space 3}0.000{col 69}{space 4} .8639746{col 82}{space 3} 2.348884
{txt}{space 22}2001  {c |}{col 29}{res}{space 2} 1.657076{col 41}{space 2} .3817717{col 52}{space 1}    4.34{col 61}{space 3}0.000{col 69}{space 4}  .902772{col 82}{space 3}  2.41138
{txt}{space 22}2002  {c |}{col 29}{res}{space 2} 1.720157{col 41}{space 2} .3887095{col 52}{space 1}    4.43{col 61}{space 3}0.000{col 69}{space 4} .9521454{col 82}{space 3} 2.488169
{txt}{space 22}2003  {c |}{col 29}{res}{space 2} 1.780747{col 41}{space 2} .4003754{col 52}{space 1}    4.45{col 61}{space 3}0.000{col 69}{space 4} .9896858{col 82}{space 3} 2.571808
{txt}{space 22}2004  {c |}{col 29}{res}{space 2} 1.819908{col 41}{space 2} .4167797{col 52}{space 1}    4.37{col 61}{space 3}0.000{col 69}{space 4} .9964348{col 82}{space 3} 2.643381
{txt}{space 22}2005  {c |}{col 29}{res}{space 2} 1.744799{col 41}{space 2} .4270961{col 52}{space 1}    4.09{col 61}{space 3}0.000{col 69}{space 4}  .900943{col 82}{space 3} 2.588655
{txt}{space 27} {c |}
{space 22}_cons {c |}{col 29}{res}{space 2} .7192598{col 41}{space 2} 2.488864{col 52}{space 1}    0.29{col 61}{space 3}0.773{col 69}{space 4}-4.198235{col 82}{space 3} 5.636755
{txt}{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                    sigma_u {c |} {res} 3.1965071
                    {txt}sigma_e {c |} {res} .84621761
                        {txt}rho {c |} {res} .93450694{txt}   (fraction of variance due to u_i)
{hline 28}{c BT}{hline 64}

{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem l2.sanction_onset##c.vdem l3.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{txt}{p 0 6 2}note: {bf:vdem} omitted because of collinearity.{p_end}
{p 0 6 2}note: {bf:vdem} omitted because of collinearity.{p_end}
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2453{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0615{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0393{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}48{txt}, {res}144{txt}){col 67}={col 70}{res}     5.24
{txt}corr(u_i, Xb) = {res}-0.9102{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 90:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 25}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 26}{c |}{col 38}    Robust
{col 1}             ckaopen2010{col 26}{c |} Coefficient{col 38}  std. err.{col 50}      t{col 58}   P>|t|{col 66}     [95% con{col 79}f. interval]
{hline 25}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 8}L.sanction_onset {c |}
{space 22}1  {c |}{col 26}{res}{space 2}-.5105372{col 38}{space 2} .1188806{col 49}{space 1}   -4.29{col 58}{space 3}0.000{col 66}{space 4}-.7455137{col 79}{space 3}-.2755606
{txt}{space 24} {c |}
{space 20}vdem {c |}{col 26}{res}{space 2}-.3271869{col 38}{space 2} .3271899{col 49}{space 1}   -1.00{col 58}{space 3}0.319{col 66}{space 4}-.9739023{col 79}{space 3} .3195284
{txt}{space 24} {c |}
{space 1}L.sanction_onset#c.vdem {c |}
{space 22}1  {c |}{col 26}{res}{space 2}  .768704{col 38}{space 2} .2026735{col 49}{space 1}    3.79{col 58}{space 3}0.000{col 66}{space 4} .3681046{col 79}{space 3} 1.169303
{txt}{space 24} {c |}
{space 7}L2.sanction_onset {c |}
{space 22}1  {c |}{col 26}{res}{space 2} -.599559{col 38}{space 2} .1175495{col 49}{space 1}   -5.10{col 58}{space 3}0.000{col 66}{space 4}-.8319044{col 79}{space 3}-.3672136
{txt}{space 24} {c |}
{space 20}vdem {c |}{col 26}{res}{space 2}        0{col 38}{txt}  (omitted)
{space 24} {c |}
L2.sanction_onset#c.vdem {c |}
{space 22}1  {c |}{col 26}{res}{space 2} .8447977{col 38}{space 2}  .186219{col 49}{space 1}    4.54{col 58}{space 3}0.000{col 66}{space 4}  .476722{col 79}{space 3} 1.212874
{txt}{space 24} {c |}
{space 7}L3.sanction_onset {c |}
{space 22}1  {c |}{col 26}{res}{space 2}-.5043251{col 38}{space 2} .1242178{col 49}{space 1}   -4.06{col 58}{space 3}0.000{col 66}{space 4} -.749851{col 79}{space 3}-.2587993
{txt}{space 24} {c |}
{space 20}vdem {c |}{col 26}{res}{space 2}        0{col 38}{txt}  (omitted)
{space 24} {c |}
L3.sanction_onset#c.vdem {c |}
{space 22}1  {c |}{col 26}{res}{space 2} .5123098{col 38}{space 2} .2008982{col 49}{space 1}    2.55{col 58}{space 3}0.012{col 66}{space 4} .1152195{col 79}{space 3} .9094002
{txt}{space 24} {c |}
{space 12}targ_pop_log {c |}{col 26}{res}{space 2}-1.693527{col 38}{space 2} .4580925{col 49}{space 1}   -3.70{col 58}{space 3}0.000{col 66}{space 4}-2.598982{col 79}{space 3}-.7880729
{txt}{space 10}targ_gdppc_log {c |}{col 26}{res}{space 2}  .264866{col 38}{space 2} .2134379{col 49}{space 1}    1.24{col 58}{space 3}0.217{col 66}{space 4}  -.15701{col 79}{space 3}  .686742
{txt}{space 10}targ_gdpgrowth {c |}{col 26}{res}{space 2} .4479942{col 38}{space 2} .2493572{col 49}{space 1}    1.80{col 58}{space 3}0.074{col 66}{space 4} -.044879{col 79}{space 3} .9408673
{txt}{space 12}lntrade_open {c |}{col 26}{res}{space 2} .0734453{col 38}{space 2} .1349086{col 49}{space 1}    0.54{col 58}{space 3}0.587{col 66}{space 4}-.1932116{col 79}{space 3} .3401022
{txt}{space 21}peg {c |}{col 26}{res}{space 2} -.094455{col 38}{space 2} .0941972{col 49}{space 1}   -1.00{col 58}{space 3}0.318{col 66}{space 4}-.2806429{col 79}{space 3} .0917328
{txt}{space 16}underimf {c |}{col 26}{res}{space 2} -.051279{col 38}{space 2}  .076678{col 49}{space 1}   -0.67{col 58}{space 3}0.505{col 66}{space 4}-.2028387{col 79}{space 3} .1002808
{txt}{space 24} {c |}
{space 20}year {c |}
{space 19}1971  {c |}{col 26}{res}{space 2} .1053332{col 38}{space 2} .0605505{col 49}{space 1}    1.74{col 58}{space 3}0.084{col 66}{space 4}-.0143495{col 79}{space 3} .2250159
{txt}{space 19}1972  {c |}{col 26}{res}{space 2} .1043367{col 38}{space 2} .0729902{col 49}{space 1}    1.43{col 58}{space 3}0.155{col 66}{space 4}-.0399339{col 79}{space 3} .2486072
{txt}{space 19}1973  {c |}{col 26}{res}{space 2}  .177314{col 38}{space 2} .0877626{col 49}{space 1}    2.02{col 58}{space 3}0.045{col 66}{space 4} .0038446{col 79}{space 3} .3507834
{txt}{space 19}1974  {c |}{col 26}{res}{space 2} .2235632{col 38}{space 2} .1274771{col 49}{space 1}    1.75{col 58}{space 3}0.082{col 66}{space 4}-.0284049{col 79}{space 3} .4755313
{txt}{space 19}1975  {c |}{col 26}{res}{space 2} .2793873{col 38}{space 2} .1303152{col 49}{space 1}    2.14{col 58}{space 3}0.034{col 66}{space 4} .0218095{col 79}{space 3} .5369651
{txt}{space 19}1976  {c |}{col 26}{res}{space 2} .2591067{col 38}{space 2} .1370962{col 49}{space 1}    1.89{col 58}{space 3}0.061{col 66}{space 4}-.0118743{col 79}{space 3} .5300876
{txt}{space 19}1977  {c |}{col 26}{res}{space 2} .3242986{col 38}{space 2} .1494556{col 49}{space 1}    2.17{col 58}{space 3}0.032{col 66}{space 4} .0288884{col 79}{space 3} .6197088
{txt}{space 19}1978  {c |}{col 26}{res}{space 2} .4178356{col 38}{space 2} .1660006{col 49}{space 1}    2.52{col 58}{space 3}0.013{col 66}{space 4}  .089723{col 79}{space 3} .7459483
{txt}{space 19}1979  {c |}{col 26}{res}{space 2} .4535392{col 38}{space 2} .1875029{col 49}{space 1}    2.42{col 58}{space 3}0.017{col 66}{space 4} .0829256{col 79}{space 3} .8241527
{txt}{space 19}1980  {c |}{col 26}{res}{space 2} .4716092{col 38}{space 2} .2071759{col 49}{space 1}    2.28{col 58}{space 3}0.024{col 66}{space 4} .0621105{col 79}{space 3} .8811078
{txt}{space 19}1981  {c |}{col 26}{res}{space 2} .4157585{col 38}{space 2} .2173245{col 49}{space 1}    1.91{col 58}{space 3}0.058{col 66}{space 4}-.0137997{col 79}{space 3} .8453166
{txt}{space 19}1982  {c |}{col 26}{res}{space 2} .3916371{col 38}{space 2}  .205235{col 49}{space 1}    1.91{col 58}{space 3}0.058{col 66}{space 4}-.0140253{col 79}{space 3} .7972994
{txt}{space 19}1983  {c |}{col 26}{res}{space 2} .4008285{col 38}{space 2} .2055948{col 49}{space 1}    1.95{col 58}{space 3}0.053{col 66}{space 4} -.005545{col 79}{space 3}  .807202
{txt}{space 19}1984  {c |}{col 26}{res}{space 2} .4370346{col 38}{space 2} .2208174{col 49}{space 1}    1.98{col 58}{space 3}0.050{col 66}{space 4} .0005724{col 79}{space 3} .8734969
{txt}{space 19}1985  {c |}{col 26}{res}{space 2} .5162229{col 38}{space 2} .2266662{col 49}{space 1}    2.28{col 58}{space 3}0.024{col 66}{space 4} .0682001{col 79}{space 3} .9642457
{txt}{space 19}1986  {c |}{col 26}{res}{space 2} .5806601{col 38}{space 2} .2270996{col 49}{space 1}    2.56{col 58}{space 3}0.012{col 66}{space 4} .1317807{col 79}{space 3} 1.029539
{txt}{space 19}1987  {c |}{col 26}{res}{space 2} .5824021{col 38}{space 2}  .237693{col 49}{space 1}    2.45{col 58}{space 3}0.015{col 66}{space 4}  .112584{col 79}{space 3}  1.05222
{txt}{space 19}1988  {c |}{col 26}{res}{space 2} .6662457{col 38}{space 2} .2515231{col 49}{space 1}    2.65{col 58}{space 3}0.009{col 66}{space 4} .1690915{col 79}{space 3}   1.1634
{txt}{space 19}1989  {c |}{col 26}{res}{space 2} .7329215{col 38}{space 2} .2621288{col 49}{space 1}    2.80{col 58}{space 3}0.006{col 66}{space 4} .2148043{col 79}{space 3} 1.251039
{txt}{space 19}1990  {c |}{col 26}{res}{space 2} .7780003{col 38}{space 2} .2796032{col 49}{space 1}    2.78{col 58}{space 3}0.006{col 66}{space 4} .2253436{col 79}{space 3} 1.330657
{txt}{space 19}1991  {c |}{col 26}{res}{space 2} .8985355{col 38}{space 2} .2856117{col 49}{space 1}    3.15{col 58}{space 3}0.002{col 66}{space 4} .3340026{col 79}{space 3} 1.463068
{txt}{space 19}1992  {c |}{col 26}{res}{space 2} 1.025881{col 38}{space 2} .2953695{col 49}{space 1}    3.47{col 58}{space 3}0.001{col 66}{space 4} .4420612{col 79}{space 3} 1.609701
{txt}{space 19}1993  {c |}{col 26}{res}{space 2} 1.279064{col 38}{space 2} .3075329{col 49}{space 1}    4.16{col 58}{space 3}0.000{col 66}{space 4} .6712018{col 79}{space 3} 1.886925
{txt}{space 19}1994  {c |}{col 26}{res}{space 2} 1.423279{col 38}{space 2} .3147945{col 49}{space 1}    4.52{col 58}{space 3}0.000{col 66}{space 4} .8010638{col 79}{space 3} 2.045494
{txt}{space 19}1995  {c |}{col 26}{res}{space 2} 1.615271{col 38}{space 2} .3237749{col 49}{space 1}    4.99{col 58}{space 3}0.000{col 66}{space 4} .9753057{col 79}{space 3} 2.255236
{txt}{space 19}1996  {c |}{col 26}{res}{space 2}  1.59601{col 38}{space 2} .3573688{col 49}{space 1}    4.47{col 58}{space 3}0.000{col 66}{space 4}  .889644{col 79}{space 3} 2.302376
{txt}{space 19}1997  {c |}{col 26}{res}{space 2} 1.691212{col 38}{space 2} .3544307{col 49}{space 1}    4.77{col 58}{space 3}0.000{col 66}{space 4}  .990653{col 79}{space 3} 2.391771
{txt}{space 19}1998  {c |}{col 26}{res}{space 2} 1.740571{col 38}{space 2} .3613783{col 49}{space 1}    4.82{col 58}{space 3}0.000{col 66}{space 4}  1.02628{col 79}{space 3} 2.454863
{txt}{space 19}1999  {c |}{col 26}{res}{space 2} 1.811366{col 38}{space 2} .3670806{col 49}{space 1}    4.93{col 58}{space 3}0.000{col 66}{space 4} 1.085804{col 79}{space 3} 2.536929
{txt}{space 19}2000  {c |}{col 26}{res}{space 2} 1.850607{col 38}{space 2} .3737761{col 49}{space 1}    4.95{col 58}{space 3}0.000{col 66}{space 4}  1.11181{col 79}{space 3} 2.589403
{txt}{space 19}2001  {c |}{col 26}{res}{space 2}  1.90821{col 38}{space 2} .3804411{col 49}{space 1}    5.02{col 58}{space 3}0.000{col 66}{space 4}  1.15624{col 79}{space 3} 2.660181
{txt}{space 19}2002  {c |}{col 26}{res}{space 2} 1.983251{col 38}{space 2} .3879173{col 49}{space 1}    5.11{col 58}{space 3}0.000{col 66}{space 4} 1.216504{col 79}{space 3} 2.749999
{txt}{space 19}2003  {c |}{col 26}{res}{space 2} 2.066641{col 38}{space 2} .3985236{col 49}{space 1}    5.19{col 58}{space 3}0.000{col 66}{space 4} 1.278929{col 79}{space 3} 2.854353
{txt}{space 19}2004  {c |}{col 26}{res}{space 2} 2.111001{col 38}{space 2} .4125815{col 49}{space 1}    5.12{col 58}{space 3}0.000{col 66}{space 4} 1.295503{col 79}{space 3} 2.926499
{txt}{space 19}2005  {c |}{col 26}{res}{space 2} 2.030499{col 38}{space 2} .4269374{col 49}{space 1}    4.76{col 58}{space 3}0.000{col 66}{space 4} 1.186626{col 79}{space 3} 2.874373
{txt}{space 24} {c |}
{space 19}_cons {c |}{col 26}{res}{space 2} .5251897{col 38}{space 2} 2.375362{col 49}{space 1}    0.22{col 58}{space 3}0.825{col 66}{space 4}-4.169892{col 79}{space 3} 5.220271
{txt}{hline 25}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                 sigma_u {c |} {res} 2.9507729
                 {txt}sigma_e {c |} {res} .84219347
                     {txt}rho {c |} {res} .92467466{txt}   (fraction of variance due to u_i)
{hline 25}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2162{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0263{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0183{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.86
{txt}corr(u_i, Xb) = {res}-0.9241{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4293979{col 40}{space 2} .1045135{col 51}{space 1}   -4.11{col 60}{space 3}0.000{col 68}{space 4}-.6358956{col 81}{space 3}-.2229002
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1795271{col 40}{space 2} .1535118{col 51}{space 1}   -1.17{col 60}{space 3}0.244{col 68}{space 4}-.4828356{col 81}{space 3} .1237814
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2}  .565586{col 40}{space 2} .1440544{col 51}{space 1}    3.93{col 60}{space 3}0.000{col 68}{space 4} .2809635{col 81}{space 3} .8502085
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2} -1.63907{col 40}{space 2} .4649667{col 51}{space 1}   -3.53{col 60}{space 3}0.001{col 68}{space 4}-2.557751{col 81}{space 3}-.7203893
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2}  .207024{col 40}{space 2} .2285624{col 51}{space 1}    0.91{col 60}{space 3}0.367{col 68}{space 4}-.2445693{col 81}{space 3} .6586173
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .5914987{col 40}{space 2} .2678065{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0623669{col 81}{space 3}  1.12063
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1681091{col 40}{space 2} .1498448{col 51}{space 1}    1.12{col 60}{space 3}0.264{col 68}{space 4}-.1279541{col 81}{space 3} .4641723
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0934825{col 40}{space 2} .0963071{col 51}{space 1}   -0.97{col 60}{space 3}0.333{col 68}{space 4}-.2837659{col 81}{space 3} .0968009
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0216884{col 40}{space 2} .0790993{col 51}{space 1}   -0.27{col 60}{space 3}0.784{col 68}{space 4}-.1779727{col 81}{space 3} .1345958
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .1121299{col 40}{space 2} .0612954{col 51}{space 1}    1.83{col 60}{space 3}0.069{col 68}{space 4}-.0089775{col 81}{space 3} .2332373
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .1158736{col 40}{space 2} .0692362{col 51}{space 1}    1.67{col 60}{space 3}0.096{col 68}{space 4}-.0209233{col 81}{space 3} .2526705
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .1943316{col 40}{space 2} .0881015{col 51}{space 1}    2.21{col 60}{space 3}0.029{col 68}{space 4} .0202607{col 81}{space 3} .3684025
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1965084{col 40}{space 2} .1318408{col 51}{space 1}    1.49{col 60}{space 3}0.138{col 68}{space 4}-.0639826{col 81}{space 3} .4569994
{txt}{space 21}1975  {c |}{col 28}{res}{space 2}  .259608{col 40}{space 2} .1349745{col 51}{space 1}    1.92{col 60}{space 3}0.056{col 68}{space 4}-.0070744{col 81}{space 3} .5262905
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2312112{col 40}{space 2} .1415249{col 51}{space 1}    1.63{col 60}{space 3}0.104{col 68}{space 4}-.0484136{col 81}{space 3}  .510836
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2986695{col 40}{space 2} .1542958{col 51}{space 1}    1.94{col 60}{space 3}0.055{col 68}{space 4}-.0061879{col 81}{space 3} .6035269
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3756928{col 40}{space 2} .1697895{col 51}{space 1}    2.21{col 60}{space 3}0.028{col 68}{space 4} .0402229{col 81}{space 3} .7111627
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .3510336{col 40}{space 2} .1981281{col 51}{space 1}    1.77{col 60}{space 3}0.078{col 68}{space 4}-.0404277{col 81}{space 3}  .742495
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .3616993{col 40}{space 2}  .222927{col 51}{space 1}    1.62{col 60}{space 3}0.107{col 68}{space 4}-.0787596{col 81}{space 3} .8021582
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .3297708{col 40}{space 2} .2301461{col 51}{space 1}    1.43{col 60}{space 3}0.154{col 68}{space 4}-.1249516{col 81}{space 3} .7844932
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .3312832{col 40}{space 2} .2165537{col 51}{space 1}    1.53{col 60}{space 3}0.128{col 68}{space 4}-.0965833{col 81}{space 3} .7591497
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .3545049{col 40}{space 2}  .216758{col 51}{space 1}    1.64{col 60}{space 3}0.104{col 68}{space 4}-.0737652{col 81}{space 3} .7827751
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .4146389{col 40}{space 2} .2305877{col 51}{space 1}    1.80{col 60}{space 3}0.074{col 68}{space 4} -.040956{col 81}{space 3} .8702337
{txt}{space 21}1985  {c |}{col 28}{res}{space 2}  .479434{col 40}{space 2} .2338751{col 51}{space 1}    2.05{col 60}{space 3}0.042{col 68}{space 4} .0173438{col 81}{space 3} .9415242
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .5418812{col 40}{space 2} .2326371{col 51}{space 1}    2.33{col 60}{space 3}0.021{col 68}{space 4}  .082237{col 81}{space 3} 1.001525
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .5460466{col 40}{space 2} .2434955{col 51}{space 1}    2.24{col 60}{space 3}0.026{col 68}{space 4} .0649485{col 81}{space 3} 1.027145
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .6318562{col 40}{space 2} .2581699{col 51}{space 1}    2.45{col 60}{space 3}0.016{col 68}{space 4} .1217644{col 81}{space 3} 1.141948
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .6701789{col 40}{space 2} .2691306{col 51}{space 1}    2.49{col 60}{space 3}0.014{col 68}{space 4} .1384309{col 81}{space 3} 1.201927
{txt}{space 21}1990  {c |}{col 28}{res}{space 2}  .706907{col 40}{space 2} .2872767{col 51}{space 1}    2.46{col 60}{space 3}0.015{col 68}{space 4}  .139306{col 81}{space 3} 1.274508
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .8211621{col 40}{space 2} .2920394{col 51}{space 1}    2.81{col 60}{space 3}0.006{col 68}{space 4}  .244151{col 81}{space 3} 1.398173
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .9148501{col 40}{space 2} .3013741{col 51}{space 1}    3.04{col 60}{space 3}0.003{col 68}{space 4} .3193956{col 81}{space 3} 1.510305
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.169258{col 40}{space 2} .3116245{col 51}{space 1}    3.75{col 60}{space 3}0.000{col 68}{space 4} .5535505{col 81}{space 3} 1.784965
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.322022{col 40}{space 2} .3183909{col 51}{space 1}    4.15{col 60}{space 3}0.000{col 68}{space 4} .6929452{col 81}{space 3} 1.951098
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.475698{col 40}{space 2} .3264642{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} .8306705{col 81}{space 3} 2.120726
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.388727{col 40}{space 2} .3624195{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .6726589{col 81}{space 3} 2.104795
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.482193{col 40}{space 2} .3598559{col 51}{space 1}    4.12{col 60}{space 3}0.000{col 68}{space 4} .7711906{col 81}{space 3} 2.193196
{txt}{space 21}1998  {c |}{col 28}{res}{space 2}  1.54552{col 40}{space 2} .3660369{col 51}{space 1}    4.22{col 60}{space 3}0.000{col 68}{space 4} .8223049{col 81}{space 3} 2.268735
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.625488{col 40}{space 2} .3718378{col 51}{space 1}    4.37{col 60}{space 3}0.000{col 68}{space 4} .8908109{col 81}{space 3} 2.360164
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.647425{col 40}{space 2} .3807869{col 51}{space 1}    4.33{col 60}{space 3}0.000{col 68}{space 4} .8950669{col 81}{space 3} 2.399784
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.714268{col 40}{space 2} .3875102{col 51}{space 1}    4.42{col 60}{space 3}0.000{col 68}{space 4} .9486255{col 81}{space 3}  2.47991
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.765105{col 40}{space 2} .3955728{col 51}{space 1}    4.46{col 60}{space 3}0.000{col 68}{space 4} .9835323{col 81}{space 3} 2.546677
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.838217{col 40}{space 2} .4065069{col 51}{space 1}    4.52{col 60}{space 3}0.000{col 68}{space 4} 1.035041{col 81}{space 3} 2.641393
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.879027{col 40}{space 2} .4242537{col 51}{space 1}    4.43{col 60}{space 3}0.000{col 68}{space 4} 1.040787{col 81}{space 3} 2.717267
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.815259{col 40}{space 2} .4340704{col 51}{space 1}    4.18{col 60}{space 3}0.000{col 68}{space 4} .9576236{col 81}{space 3} 2.672895
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .7742692{col 40}{space 2} 2.498381{col 51}{space 1}    0.31{col 60}{space 3}0.757{col 68}{space 4}-4.162029{col 81}{space 3} 5.710567
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2389161
                   {txt}sigma_e {c |} {res} .85160952
                       {txt}rho {c |} {res} .93533785{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. sum ckaopen2010 sanction_onset democracy targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg underimf if e(sample)

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 1}ckaopen2010 {c |}{res}      4,364     .001348    1.523156  -1.822837   2.426425
{txt}sanction_o~t {c |}{res}      4,364    .0818057    .2740999          0          1
{txt}{space 3}democracy {c |}{res}      4,364    .4754812    .4994557          0          1
{txt}targ_pop_log {c |}{res}      4,364    1.844928    1.893958  -3.212422   7.193518
{txt}targ_gdppc~g {c |}{res}      4,364    8.797093    1.242273   5.586667   12.09385
{txt}{hline 13}{c +}{hline 57}
targ_gdpgr~h {c |}{res}      4,364    .0393431    .0675293  -.6611992   1.062798
{txt}lntrade_open {c |}{res}      4,364   -2.203562    .9641185   -5.49637   2.418408
{txt}{space 9}peg {c |}{res}      4,364    .4807516    .4996866          0          1
{txt}{space 4}underimf {c |}{res}      4,364    .3336389    .4715665          0          1
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2350{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0582{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0360{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.59
{txt}corr(u_i, Xb) = {res}-0.9130{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5741689{col 37}{space 2} .1301456{col 48}{space 1}   -4.41{col 57}{space 3}0.000{col 65}{space 4}-.8314114{col 78}{space 3}-.3169264
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2256697{col 37}{space 2} .3240691{col 48}{space 1}   -0.70{col 57}{space 3}0.487{col 65}{space 4}-.8662166{col 78}{space 3} .4148772
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8734023{col 37}{space 2} .2376489{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .4036714{col 78}{space 3} 1.343133
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.734354{col 37}{space 2}  .462533{col 48}{space 1}   -3.75{col 57}{space 3}0.000{col 65}{space 4}-2.648585{col 78}{space 3}-.8201223
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2409444{col 37}{space 2} .2167447{col 48}{space 1}    1.11{col 57}{space 3}0.268{col 65}{space 4}-.1874677{col 78}{space 3} .6693566
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4737597{col 37}{space 2} .2583749{col 48}{space 1}    1.83{col 57}{space 3}0.069{col 65}{space 4}-.0369378{col 78}{space 3} .9844571
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0638657{col 37}{space 2} .1387725{col 48}{space 1}    0.46{col 57}{space 3}0.646{col 65}{space 4}-.2104286{col 78}{space 3}   .33816
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1011671{col 37}{space 2} .0954529{col 48}{space 1}   -1.06{col 57}{space 3}0.291{col 65}{space 4}-.2898369{col 78}{space 3} .0875027
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0417642{col 37}{space 2} .0769862{col 48}{space 1}   -0.54{col 57}{space 3}0.588{col 65}{space 4}-.1939332{col 78}{space 3} .1104048
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .1115316{col 37}{space 2} .0593362{col 48}{space 1}    1.88{col 57}{space 3}0.062{col 65}{space 4}-.0057509{col 78}{space 3} .2288141
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1269914{col 37}{space 2} .0699703{col 48}{space 1}    1.81{col 57}{space 3}0.072{col 65}{space 4}-.0113101{col 78}{space 3} .2652928
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .227303{col 37}{space 2} .0873433{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .0546624{col 78}{space 3} .3999435
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2676674{col 37}{space 2} .1268719{col 48}{space 1}    2.11{col 57}{space 3}0.037{col 65}{space 4} .0168957{col 78}{space 3} .5184392
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3133162{col 37}{space 2} .1284846{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0593567{col 78}{space 3} .5672757
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2890943{col 37}{space 2}    .1354{col 48}{space 1}    2.14{col 57}{space 3}0.034{col 65}{space 4}  .021466{col 78}{space 3} .5567226
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3612868{col 37}{space 2} .1506017{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0636112{col 78}{space 3} .6589623
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4537879{col 37}{space 2} .1672913{col 48}{space 1}    2.71{col 57}{space 3}0.007{col 65}{space 4}  .123124{col 78}{space 3} .7844518
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4656134{col 37}{space 2} .1911593{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0877727{col 78}{space 3} .8434542
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4995416{col 37}{space 2} .2123908{col 48}{space 1}    2.35{col 57}{space 3}0.020{col 65}{space 4} .0797353{col 78}{space 3} .9193479
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4501841{col 37}{space 2} .2193676{col 48}{space 1}    2.05{col 57}{space 3}0.042{col 65}{space 4} .0165876{col 78}{space 3} .8837806
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}  .433851{col 37}{space 2} .2067831{col 48}{space 1}    2.10{col 57}{space 3}0.038{col 65}{space 4} .0251287{col 78}{space 3} .8425732
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4508692{col 37}{space 2} .2073257{col 48}{space 1}    2.17{col 57}{space 3}0.031{col 65}{space 4} .0410744{col 78}{space 3} .8606641
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4983975{col 37}{space 2} .2234968{col 48}{space 1}    2.23{col 57}{space 3}0.027{col 65}{space 4} .0566393{col 78}{space 3} .9401557
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5643709{col 37}{space 2} .2278771{col 48}{space 1}    2.48{col 57}{space 3}0.014{col 65}{space 4} .1139546{col 78}{space 3} 1.014787
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .6217438{col 37}{space 2} .2280268{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1710318{col 78}{space 3} 1.072456
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6348937{col 37}{space 2} .2385058{col 48}{space 1}    2.66{col 57}{space 3}0.009{col 65}{space 4} .1634691{col 78}{space 3} 1.106318
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7298371{col 37}{space 2} .2540088{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4} .2277697{col 78}{space 3} 1.231905
{txt}{space 18}1989  {c |}{col 25}{res}{space 2}   .77822{col 37}{space 2} .2646731{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2550738{col 78}{space 3} 1.301366
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8308413{col 37}{space 2} .2838188{col 48}{space 1}    2.93{col 57}{space 3}0.004{col 65}{space 4} .2698522{col 78}{space 3}  1.39183
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9444078{col 37}{space 2} .2888231{col 48}{space 1}    3.27{col 57}{space 3}0.001{col 65}{space 4} .3735272{col 78}{space 3} 1.515288
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.057834{col 37}{space 2} .2984566{col 48}{space 1}    3.54{col 57}{space 3}0.001{col 65}{space 4} .4679122{col 78}{space 3} 1.647756
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.309947{col 37}{space 2} .3111811{col 48}{space 1}    4.21{col 57}{space 3}0.000{col 65}{space 4} .6948745{col 78}{space 3}  1.92502
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.459333{col 37}{space 2} .3186524{col 48}{space 1}    4.58{col 57}{space 3}0.000{col 65}{space 4} .8294925{col 78}{space 3} 2.089173
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.645451{col 37}{space 2} .3272933{col 48}{space 1}    5.03{col 57}{space 3}0.000{col 65}{space 4} .9985312{col 78}{space 3} 2.292371
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.644342{col 37}{space 2} .3606175{col 48}{space 1}    4.56{col 57}{space 3}0.000{col 65}{space 4} .9315547{col 78}{space 3}  2.35713
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.721084{col 37}{space 2} .3576911{col 48}{space 1}    4.81{col 57}{space 3}0.000{col 65}{space 4} 1.014081{col 78}{space 3} 2.428087
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.771607{col 37}{space 2} .3647883{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.050576{col 78}{space 3} 2.492639
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.847458{col 37}{space 2} .3704746{col 48}{space 1}    4.99{col 57}{space 3}0.000{col 65}{space 4} 1.115187{col 78}{space 3} 2.579729
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.884299{col 37}{space 2} .3771181{col 48}{space 1}    5.00{col 57}{space 3}0.000{col 65}{space 4} 1.138896{col 78}{space 3} 2.629701
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.958665{col 37}{space 2} .3849925{col 48}{space 1}    5.09{col 57}{space 3}0.000{col 65}{space 4} 1.197698{col 78}{space 3} 2.719631
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.024414{col 37}{space 2} .3925205{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.248568{col 78}{space 3}  2.80026
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.107753{col 37}{space 2} .4031998{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} 1.310799{col 78}{space 3} 2.904708
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.158994{col 37}{space 2} .4185771{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.331645{col 78}{space 3} 2.986343
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.087321{col 37}{space 2} .4332505{col 48}{space 1}    4.82{col 57}{space 3}0.000{col 65}{space 4} 1.230969{col 78}{space 3} 2.943673
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .6890977{col 37}{space 2}  2.40898{col 48}{space 1}    0.29{col 57}{space 3}0.775{col 65}{space 4}-4.072433{col 78}{space 3} 5.450628
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res}  2.991256
                {txt}sigma_e {c |} {res} .84749432
                    {txt}rho {c |} {res} .92569242{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. sum vdem if e(sample)

{txt}    Variable {c |}        Obs        Mean    Std. dev.       Min        Max
{hline 13}{c +}{hline 57}
{space 8}vdem {c |}{res}      4,229    .4374885    .2935769       .012       .914
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. interflex ckaopen2010 lag_sanction_onset vdem $controls, fe(ccode year) cl(ccode) xd(density)
{txt}p value of Wald test: {res}0.4285
{txt}
{com}. interflex ckaopen2010 lag_sanction_onset vdem $controls, fe(ccode year) cl(ccode) xd(density) type(kernel) // it takes several minutes
{txt}Cross-validating bandwidth...
{res}{txt}The optimal bandwidth is{res}   0.2266
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. global controls1 targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg
{txt}
{com}. 
. xtreg extratio sanctepisode $controls1 dyear dyear2 dyear3 if democracy == 1, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     1,029
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}        66

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.0737{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0566{col 63}{txt}avg{col 67}={col 69}{res}      15.6
{txt}     Overall = {res}0.0753{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}9{txt}, {res}65{txt}){col 67}={col 70}{res}     3.45
{txt}corr(u_i, Xb) = {res}-0.4940{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0016

{txt}{ralign 80:(Std. err. adjusted for {res:66} clusters in {res:ccode})}
{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 1}      extratio{col 16}{c |} Coefficient{col 28}  std. err.{col 40}      t{col 48}   P>|t|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}sanctepisode {c |}{col 16}{res}{space 2} .0710389{col 28}{space 2} .0263076{col 39}{space 1}    2.70{col 48}{space 3}0.009{col 56}{space 4} .0184989{col 69}{space 3} .1235788
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2}-.0720955{col 28}{space 2} .1207214{col 39}{space 1}   -0.60{col 48}{space 3}0.552{col 56}{space 4}-.3131927{col 69}{space 3} .1690017
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2} .0266225{col 28}{space 2} .0794235{col 39}{space 1}    0.34{col 48}{space 3}0.739{col 56}{space 4}-.1319973{col 69}{space 3} .1852422
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2} .0667216{col 28}{space 2} .1433123{col 39}{space 1}    0.47{col 48}{space 3}0.643{col 56}{space 4}-.2194928{col 69}{space 3}  .352936
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2} -.001318{col 28}{space 2} .0339347{col 39}{space 1}   -0.04{col 48}{space 3}0.969{col 56}{space 4}-.0690902{col 69}{space 3} .0664543
{txt}{space 11}peg {c |}{col 16}{res}{space 2} .0090101{col 28}{space 2} .0199045{col 39}{space 1}    0.45{col 48}{space 3}0.652{col 56}{space 4} -.030742{col 69}{space 3} .0487621
{txt}{space 9}dyear {c |}{col 16}{res}{space 2}-.0025752{col 28}{space 2} .0064666{col 39}{space 1}   -0.40{col 48}{space 3}0.692{col 56}{space 4}  -.01549{col 69}{space 3} .0103395
{txt}{space 8}dyear2 {c |}{col 16}{res}{space 2} .0005854{col 28}{space 2} .0003658{col 39}{space 1}    1.60{col 48}{space 3}0.114{col 56}{space 4}-.0001452{col 69}{space 3} .0013159
{txt}{space 8}dyear3 {c |}{col 16}{res}{space 2}-.0000137{col 28}{space 2} 5.78e-06{col 39}{space 1}   -2.37{col 48}{space 3}0.021{col 56}{space 4}-.0000252{col 69}{space 3}-2.18e-06
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} .5707276{col 28}{space 2} .7338133{col 39}{space 1}    0.78{col 48}{space 3}0.440{col 56}{space 4}-.8947988{col 69}{space 3} 2.036254
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
       sigma_u {c |} {res} .22425568
       {txt}sigma_e {c |} {res} .12566032
           {txt}rho {c |} {res} .76104349{txt}   (fraction of variance due to u_i)
{hline 15}{c BT}{hline 64}

{com}. xtreg extratio sanctepisode $controls1 dyear dyear2 dyear3 if democracy == 0, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     1,780
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}        84

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.0958{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0000{col 63}{txt}avg{col 67}={col 69}{res}      21.2
{txt}     Overall = {res}0.0003{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}9{txt}, {res}83{txt}){col 67}={col 70}{res}     4.40
{txt}corr(u_i, Xb) = {res}-0.8524{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0001

{txt}{ralign 80:(Std. err. adjusted for {res:84} clusters in {res:ccode})}
{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 1}      extratio{col 16}{c |} Coefficient{col 28}  std. err.{col 40}      t{col 48}   P>|t|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 2}sanctepisode {c |}{col 16}{res}{space 2}-.0302847{col 28}{space 2}  .017111{col 39}{space 1}   -1.77{col 48}{space 3}0.080{col 56}{space 4}-.0643178{col 69}{space 3} .0037483
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2} .1890371{col 28}{space 2} .0621186{col 39}{space 1}    3.04{col 48}{space 3}0.003{col 56}{space 4} .0654857{col 69}{space 3} .3125885
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2}-.0904389{col 28}{space 2} .0447351{col 39}{space 1}   -2.02{col 48}{space 3}0.046{col 56}{space 4}-.1794152{col 69}{space 3}-.0014625
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2} .1270741{col 28}{space 2} .0825816{col 39}{space 1}    1.54{col 48}{space 3}0.128{col 56}{space 4}-.0371774{col 69}{space 3} .2913256
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2}-.0076814{col 28}{space 2}  .023499{col 39}{space 1}   -0.33{col 48}{space 3}0.745{col 56}{space 4}  -.05442{col 69}{space 3} .0390572
{txt}{space 11}peg {c |}{col 16}{res}{space 2} .0038492{col 28}{space 2} .0183963{col 39}{space 1}    0.21{col 48}{space 3}0.835{col 56}{space 4}-.0327402{col 69}{space 3} .0404387
{txt}{space 9}dyear {c |}{col 16}{res}{space 2} .0084884{col 28}{space 2} .0056778{col 39}{space 1}    1.50{col 48}{space 3}0.139{col 56}{space 4}-.0028045{col 69}{space 3} .0197813
{txt}{space 8}dyear2 {c |}{col 16}{res}{space 2}-.0002166{col 28}{space 2}  .000321{col 39}{space 1}   -0.67{col 48}{space 3}0.502{col 56}{space 4}-.0008551{col 69}{space 3} .0004219
{txt}{space 8}dyear3 {c |}{col 16}{res}{space 2}-1.09e-06{col 28}{space 2} 5.04e-06{col 39}{space 1}   -0.22{col 48}{space 3}0.829{col 56}{space 4}-.0000111{col 69}{space 3} 8.93e-06
{txt}{space 9}_cons {c |}{col 16}{res}{space 2} 1.061998{col 28}{space 2} .3635864{col 39}{space 1}    2.92{col 48}{space 3}0.004{col 56}{space 4} .3388394{col 69}{space 3} 1.785157
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
       sigma_u {c |} {res} .37453374
       {txt}sigma_e {c |} {res} .13218993
           {txt}rho {c |} {res} .88922846{txt}   (fraction of variance due to u_i)
{hline 15}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 i.l.sanction_onset i.democracy $controls i.year if G7 == 0, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,132
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.1984{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0734{col 63}{txt}avg{col 67}={col 69}{res}      28.5
{txt}     Overall = {res}0.0516{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}144{txt}){col 67}={col 70}{res}     5.50
{txt}corr(u_i, Xb) = {res}-0.9182{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 82:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 1}     ckaopen2010{col 18}{c |} Coefficient{col 30}  std. err.{col 42}      t{col 50}   P>|t|{col 58}     [95% con{col 71}f. interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
L.sanction_onset {c |}
{space 14}1  {c |}{col 18}{res}{space 2}-.1064804{col 30}{space 2}  .073939{col 41}{space 1}   -1.44{col 50}{space 3}0.152{col 58}{space 4}-.2526265{col 71}{space 3} .0396656
{txt}{space 16} {c |}
{space 5}1.democracy {c |}{col 18}{res}{space 2}-.1391816{col 30}{space 2} .1525166{col 41}{space 1}   -0.91{col 50}{space 3}0.363{col 58}{space 4}-.4406421{col 71}{space 3} .1622788
{txt}{space 4}targ_pop_log {c |}{col 18}{res}{space 2}-1.565053{col 30}{space 2} .4886962{col 41}{space 1}   -3.20{col 50}{space 3}0.002{col 58}{space 4}-2.530998{col 71}{space 3} -.599108
{txt}{space 2}targ_gdppc_log {c |}{col 18}{res}{space 2} .2256075{col 30}{space 2} .2248401{col 41}{space 1}    1.00{col 50}{space 3}0.317{col 58}{space 4}-.2188058{col 71}{space 3} .6700208
{txt}{space 2}targ_gdpgrowth {c |}{col 18}{res}{space 2} .5888721{col 30}{space 2} .2664346{col 41}{space 1}    2.21{col 50}{space 3}0.029{col 58}{space 4}  .062244{col 71}{space 3}   1.1155
{txt}{space 4}lntrade_open {c |}{col 18}{res}{space 2} .1618082{col 30}{space 2} .1502659{col 41}{space 1}    1.08{col 50}{space 3}0.283{col 58}{space 4}-.1352037{col 71}{space 3} .4588201
{txt}{space 13}peg {c |}{col 18}{res}{space 2} -.140011{col 30}{space 2} .0990117{col 41}{space 1}   -1.41{col 50}{space 3}0.159{col 58}{space 4} -.335715{col 71}{space 3}  .055693
{txt}{space 8}underimf {c |}{col 18}{res}{space 2} .0111566{col 30}{space 2} .0790005{col 41}{space 1}    0.14{col 50}{space 3}0.888{col 58}{space 4}-.1449938{col 71}{space 3} .1673069
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1971  {c |}{col 18}{res}{space 2}  .104828{col 30}{space 2} .0618481{col 41}{space 1}    1.69{col 50}{space 3}0.092{col 58}{space 4}-.0174193{col 71}{space 3} .2270753
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .0952944{col 30}{space 2} .0680044{col 41}{space 1}    1.40{col 50}{space 3}0.163{col 58}{space 4}-.0391214{col 71}{space 3} .2297103
{txt}{space 11}1973  {c |}{col 18}{res}{space 2} .1773023{col 30}{space 2} .0895899{col 41}{space 1}    1.98{col 50}{space 3}0.050{col 58}{space 4} .0002212{col 71}{space 3} .3543835
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .1790791{col 30}{space 2} .1315689{col 41}{space 1}    1.36{col 50}{space 3}0.176{col 58}{space 4}-.0809767{col 71}{space 3}  .439135
{txt}{space 11}1975  {c |}{col 18}{res}{space 2} .2581759{col 30}{space 2} .1342509{col 41}{space 1}    1.92{col 50}{space 3}0.056{col 58}{space 4} -.007181{col 71}{space 3} .5235329
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .2205485{col 30}{space 2} .1409293{col 41}{space 1}    1.56{col 50}{space 3}0.120{col 58}{space 4}-.0580089{col 71}{space 3} .4991059
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .2768615{col 30}{space 2} .1540182{col 41}{space 1}    1.80{col 50}{space 3}0.074{col 58}{space 4}-.0275671{col 71}{space 3} .5812901
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .3519348{col 30}{space 2} .1743918{col 41}{space 1}    2.02{col 50}{space 3}0.045{col 58}{space 4} .0072363{col 71}{space 3} .6966333
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .2919483{col 30}{space 2} .1941754{col 41}{space 1}    1.50{col 50}{space 3}0.135{col 58}{space 4}-.0918538{col 71}{space 3} .6757505
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .2954911{col 30}{space 2}  .220223{col 41}{space 1}    1.34{col 50}{space 3}0.182{col 58}{space 4}-.1397962{col 71}{space 3} .7307785
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .2677439{col 30}{space 2} .2271137{col 41}{space 1}    1.18{col 50}{space 3}0.240{col 58}{space 4}-.1811634{col 71}{space 3} .7166512
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .2560299{col 30}{space 2} .2148646{col 41}{space 1}    1.19{col 50}{space 3}0.235{col 58}{space 4}-.1686661{col 71}{space 3} .6807259
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .2793291{col 30}{space 2} .2142682{col 41}{space 1}    1.30{col 50}{space 3}0.194{col 58}{space 4}-.1441882{col 71}{space 3} .7028464
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .3225942{col 30}{space 2} .2300161{col 41}{space 1}    1.40{col 50}{space 3}0.163{col 58}{space 4}  -.13205{col 71}{space 3} .7772383
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .3871321{col 30}{space 2} .2339852{col 41}{space 1}    1.65{col 50}{space 3}0.100{col 58}{space 4}-.0753572{col 71}{space 3} .8496214
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .4582698{col 30}{space 2} .2338318{col 41}{space 1}    1.96{col 50}{space 3}0.052{col 58}{space 4}-.0039162{col 71}{space 3} .9204559
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .4704647{col 30}{space 2} .2459041{col 41}{space 1}    1.91{col 50}{space 3}0.058{col 58}{space 4}-.0155833{col 71}{space 3} .9565126
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .5450716{col 30}{space 2} .2626149{col 41}{space 1}    2.08{col 50}{space 3}0.040{col 58}{space 4} .0259934{col 71}{space 3}  1.06415
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .5911481{col 30}{space 2} .2735837{col 41}{space 1}    2.16{col 50}{space 3}0.032{col 58}{space 4} .0503895{col 71}{space 3} 1.131907
{txt}{space 11}1990  {c |}{col 18}{res}{space 2} .5865974{col 30}{space 2} .2886056{col 41}{space 1}    2.03{col 50}{space 3}0.044{col 58}{space 4} .0161468{col 71}{space 3} 1.157048
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .7135008{col 30}{space 2} .2941257{col 41}{space 1}    2.43{col 50}{space 3}0.017{col 58}{space 4} .1321393{col 71}{space 3} 1.294862
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} .8159661{col 30}{space 2} .3071605{col 41}{space 1}    2.66{col 50}{space 3}0.009{col 58}{space 4} .2088404{col 71}{space 3} 1.423092
{txt}{space 11}1993  {c |}{col 18}{res}{space 2}  1.08335{col 30}{space 2}  .318452{col 41}{space 1}    3.40{col 50}{space 3}0.001{col 58}{space 4} .4539055{col 71}{space 3} 1.712794
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} 1.234683{col 30}{space 2}  .327372{col 41}{space 1}    3.77{col 50}{space 3}0.000{col 58}{space 4} .5876081{col 71}{space 3} 1.881759
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} 1.415362{col 30}{space 2} .3358507{col 41}{space 1}    4.21{col 50}{space 3}0.000{col 58}{space 4} .7515283{col 71}{space 3} 2.079196
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} 1.302764{col 30}{space 2} .3766333{col 41}{space 1}    3.46{col 50}{space 3}0.001{col 58}{space 4} .5583199{col 71}{space 3} 2.047208
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} 1.396847{col 30}{space 2} .3737558{col 41}{space 1}    3.74{col 50}{space 3}0.000{col 58}{space 4} .6580903{col 71}{space 3} 2.135603
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} 1.450237{col 30}{space 2} .3807175{col 41}{space 1}    3.81{col 50}{space 3}0.000{col 58}{space 4} .6977203{col 71}{space 3} 2.202754
{txt}{space 11}1999  {c |}{col 18}{res}{space 2} 1.530692{col 30}{space 2}  .388167{col 41}{space 1}    3.94{col 50}{space 3}0.000{col 58}{space 4} .7634507{col 71}{space 3} 2.297933
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} 1.560845{col 30}{space 2} .3974869{col 41}{space 1}    3.93{col 50}{space 3}0.000{col 58}{space 4} .7751828{col 71}{space 3} 2.346508
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} 1.618124{col 30}{space 2} .4063392{col 41}{space 1}    3.98{col 50}{space 3}0.000{col 58}{space 4} .8149645{col 71}{space 3} 2.421285
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} 1.686817{col 30}{space 2} .4144571{col 41}{space 1}    4.07{col 50}{space 3}0.000{col 58}{space 4} .8676119{col 71}{space 3} 2.506023
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} 1.753148{col 30}{space 2} .4262219{col 41}{space 1}    4.11{col 50}{space 3}0.000{col 58}{space 4} .9106884{col 71}{space 3} 2.595607
{txt}{space 11}2004  {c |}{col 18}{res}{space 2} 1.829794{col 30}{space 2} .4446985{col 41}{space 1}    4.11{col 50}{space 3}0.000{col 58}{space 4} .9508142{col 71}{space 3} 2.708774
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} 1.755322{col 30}{space 2} .4514316{col 41}{space 1}    3.89{col 50}{space 3}0.000{col 58}{space 4} .8630335{col 71}{space 3}  2.64761
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .2330406{col 30}{space 2} 2.424852{col 41}{space 1}    0.10{col 50}{space 3}0.924{col 58}{space 4}-4.559861{col 71}{space 3} 5.025943
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
         sigma_u {c |} {res} 2.9198773
         {txt}sigma_e {c |} {res} .85538664
             {txt}rho {c |} {res} .92096175{txt}   (fraction of variance due to u_i)
{hline 17}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##i.democracy $controls i.year if G7 == 0, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,132
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2031{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0741{col 63}{txt}avg{col 67}={col 69}{res}      28.5
{txt}     Overall = {res}0.0527{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.73
{txt}corr(u_i, Xb) = {res}-0.9153{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4269328{col 40}{space 2} .1051991{col 51}{space 1}   -4.06{col 60}{space 3}0.000{col 68}{space 4}-.6348668{col 81}{space 3}-.2189988
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1768809{col 40}{space 2} .1535051{col 51}{space 1}   -1.15{col 60}{space 3}0.251{col 68}{space 4}-.4802953{col 81}{space 3} .1265334
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2} .5594312{col 40}{space 2} .1461007{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .2706522{col 81}{space 3} .8482102
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2}-1.537309{col 40}{space 2} .4885606{col 51}{space 1}   -3.15{col 60}{space 3}0.002{col 68}{space 4}-2.502985{col 81}{space 3}-.5716319
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2} .2206772{col 40}{space 2}  .225466{col 51}{space 1}    0.98{col 60}{space 3}0.329{col 68}{space 4}-.2249733{col 81}{space 3} .6663276
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .5670933{col 40}{space 2}   .26479{col 51}{space 1}    2.14{col 60}{space 3}0.034{col 68}{space 4}  .043716{col 81}{space 3} 1.090471
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1668558{col 40}{space 2} .1488199{col 51}{space 1}    1.12{col 60}{space 3}0.264{col 68}{space 4}-.1272979{col 81}{space 3} .4610095
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.1328043{col 40}{space 2} .0979974{col 51}{space 1}   -1.36{col 60}{space 3}0.177{col 68}{space 4}-.3265036{col 81}{space 3} .0608949
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}  .008858{col 40}{space 2} .0784772{col 51}{space 1}    0.11{col 60}{space 3}0.910{col 68}{space 4}-.1462581{col 81}{space 3}  .163974
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .0892378{col 40}{space 2} .0627511{col 51}{space 1}    1.42{col 60}{space 3}0.157{col 68}{space 4}-.0347946{col 81}{space 3} .2132701
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .0771688{col 40}{space 2} .0687033{col 51}{space 1}    1.12{col 60}{space 3}0.263{col 68}{space 4}-.0586283{col 81}{space 3}  .212966
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .1663737{col 40}{space 2} .0892321{col 51}{space 1}    1.86{col 60}{space 3}0.064{col 68}{space 4}-.0100002{col 81}{space 3} .3427476
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1672954{col 40}{space 2} .1313294{col 51}{space 1}    1.27{col 60}{space 3}0.205{col 68}{space 4} -.092287{col 81}{space 3} .4268778
{txt}{space 21}1975  {c |}{col 28}{res}{space 2} .2323878{col 40}{space 2} .1339685{col 51}{space 1}    1.73{col 60}{space 3}0.085{col 68}{space 4}-.0324109{col 81}{space 3} .4971866
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2009824{col 40}{space 2} .1407152{col 51}{space 1}    1.43{col 60}{space 3}0.155{col 68}{space 4}-.0771518{col 81}{space 3} .4791166
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2652674{col 40}{space 2} .1533363{col 51}{space 1}    1.73{col 60}{space 3}0.086{col 68}{space 4}-.0378134{col 81}{space 3} .5683481
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3465694{col 40}{space 2} .1709582{col 51}{space 1}    2.03{col 60}{space 3}0.044{col 68}{space 4} .0086576{col 81}{space 3} .6844811
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .2713633{col 40}{space 2} .1936014{col 51}{space 1}    1.40{col 60}{space 3}0.163{col 68}{space 4}-.1113043{col 81}{space 3} .6540309
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .2821967{col 40}{space 2} .2192232{col 51}{space 1}    1.29{col 60}{space 3}0.200{col 68}{space 4}-.1511144{col 81}{space 3} .7155077
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .2442587{col 40}{space 2} .2277374{col 51}{space 1}    1.07{col 60}{space 3}0.285{col 68}{space 4}-.2058813{col 81}{space 3} .6943987
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .2328989{col 40}{space 2} .2140964{col 51}{space 1}    1.09{col 60}{space 3}0.278{col 68}{space 4}-.1902788{col 81}{space 3} .6560765
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .2470567{col 40}{space 2} .2148933{col 51}{space 1}    1.15{col 60}{space 3}0.252{col 68}{space 4} -.177696{col 81}{space 3} .6718094
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .3061527{col 40}{space 2}  .229722{col 51}{space 1}    1.33{col 60}{space 3}0.185{col 68}{space 4}-.1479102{col 81}{space 3} .7602155
{txt}{space 21}1985  {c |}{col 28}{res}{space 2} .3678023{col 40}{space 2}  .234293{col 51}{space 1}    1.57{col 60}{space 3}0.119{col 68}{space 4}-.0952955{col 81}{space 3} .8309001
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .4343557{col 40}{space 2} .2336664{col 51}{space 1}    1.86{col 60}{space 3}0.065{col 68}{space 4}-.0275036{col 81}{space 3} .8962149
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .4408234{col 40}{space 2} .2454914{col 51}{space 1}    1.80{col 60}{space 3}0.075{col 68}{space 4}-.0444088{col 81}{space 3} .9260557
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .5253373{col 40}{space 2} .2619386{col 51}{space 1}    2.01{col 60}{space 3}0.047{col 68}{space 4} .0075961{col 81}{space 3} 1.043079
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .5601874{col 40}{space 2} .2738369{col 51}{space 1}    2.05{col 60}{space 3}0.043{col 68}{space 4} .0189283{col 81}{space 3} 1.101447
{txt}{space 21}1990  {c |}{col 28}{res}{space 2} .5677377{col 40}{space 2} .2883709{col 51}{space 1}    1.97{col 60}{space 3}0.051{col 68}{space 4}-.0022491{col 81}{space 3} 1.137725
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .6838164{col 40}{space 2} .2955809{col 51}{space 1}    2.31{col 60}{space 3}0.022{col 68}{space 4} .0995786{col 81}{space 3} 1.268054
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .7850272{col 40}{space 2}  .306807{col 51}{space 1}    2.56{col 60}{space 3}0.012{col 68}{space 4} .1786002{col 81}{space 3} 1.391454
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.036063{col 40}{space 2} .3193015{col 51}{space 1}    3.24{col 60}{space 3}0.001{col 68}{space 4} .4049397{col 81}{space 3} 1.667186
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.199821{col 40}{space 2} .3265927{col 51}{space 1}    3.67{col 60}{space 3}0.000{col 68}{space 4} .5542862{col 81}{space 3} 1.845356
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.375441{col 40}{space 2}  .334391{col 51}{space 1}    4.11{col 60}{space 3}0.000{col 68}{space 4} .7144919{col 81}{space 3}  2.03639
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.267461{col 40}{space 2} .3761272{col 51}{space 1}    3.37{col 60}{space 3}0.001{col 68}{space 4} .5240176{col 81}{space 3} 2.010905
{txt}{space 21}1997  {c |}{col 28}{res}{space 2}  1.36131{col 40}{space 2} .3737241{col 51}{space 1}    3.64{col 60}{space 3}0.000{col 68}{space 4} .6226162{col 81}{space 3} 2.100004
{txt}{space 21}1998  {c |}{col 28}{res}{space 2}  1.42266{col 40}{space 2} .3803876{col 51}{space 1}    3.74{col 60}{space 3}0.000{col 68}{space 4} .6707957{col 81}{space 3} 2.174525
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.505493{col 40}{space 2} .3869228{col 51}{space 1}    3.89{col 60}{space 3}0.000{col 68}{space 4} .7407107{col 81}{space 3} 2.270275
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.529543{col 40}{space 2} .3964315{col 51}{space 1}    3.86{col 60}{space 3}0.000{col 68}{space 4} .7459668{col 81}{space 3}  2.31312
{txt}{space 21}2001  {c |}{col 28}{res}{space 2}  1.59879{col 40}{space 2}  .404343{col 51}{space 1}    3.95{col 60}{space 3}0.000{col 68}{space 4} .7995754{col 81}{space 3} 2.398004
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.651398{col 40}{space 2}  .414071{col 51}{space 1}    3.99{col 60}{space 3}0.000{col 68}{space 4} .8329558{col 81}{space 3} 2.469841
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.726093{col 40}{space 2} .4248659{col 51}{space 1}    4.06{col 60}{space 3}0.000{col 68}{space 4} .8863132{col 81}{space 3} 2.565872
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.769173{col 40}{space 2} .4445979{col 51}{space 1}    3.98{col 60}{space 3}0.000{col 68}{space 4} .8903921{col 81}{space 3} 2.647954
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.725629{col 40}{space 2} .4499978{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .8361749{col 81}{space 3} 2.615084
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .2801955{col 40}{space 2} 2.430589{col 51}{space 1}    0.12{col 60}{space 3}0.908{col 68}{space 4}-4.524047{col 81}{space 3} 5.084438
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 2.8732318
                   {txt}sigma_e {c |} {res} .85302193
                       {txt}rho {c |} {res} .91899836{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset c.vdem $controls i.year if G7 == 0, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     3,977
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       138

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2244{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.1293{col 63}{txt}avg{col 67}={col 69}{res}      28.8
{txt}     Overall = {res}0.0868{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}137{txt}){col 67}={col 70}{res}     5.33
{txt}corr(u_i, Xb) = {res}-0.9211{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 82:(Std. err. adjusted for {res:138} clusters in {res:ccode})}
{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 1}     ckaopen2010{col 18}{c |} Coefficient{col 30}  std. err.{col 42}      t{col 50}   P>|t|{col 58}     [95% con{col 71}f. interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
L.sanction_onset {c |}
{space 14}1  {c |}{col 18}{res}{space 2} -.109002{col 30}{space 2} .0734815{col 41}{space 1}   -1.48{col 50}{space 3}0.140{col 58}{space 4}-.2543066{col 71}{space 3} .0363025
{txt}{space 16} {c |}
{space 12}vdem {c |}{col 18}{res}{space 2}-.2020573{col 30}{space 2} .3221267{col 41}{space 1}   -0.63{col 50}{space 3}0.532{col 58}{space 4}-.8390407{col 71}{space 3} .4349261
{txt}{space 4}targ_pop_log {c |}{col 18}{res}{space 2}-1.812386{col 30}{space 2} .4797792{col 41}{space 1}   -3.78{col 50}{space 3}0.000{col 58}{space 4}-2.761116{col 71}{space 3}-.8636557
{txt}{space 2}targ_gdppc_log {c |}{col 18}{res}{space 2} .2455488{col 30}{space 2} .2173964{col 41}{space 1}    1.13{col 50}{space 3}0.261{col 58}{space 4}-.1843377{col 71}{space 3} .6754353
{txt}{space 2}targ_gdpgrowth {c |}{col 18}{res}{space 2} .4715191{col 30}{space 2} .2575904{col 41}{space 1}    1.83{col 50}{space 3}0.069{col 58}{space 4}-.0378482{col 71}{space 3} .9808864
{txt}{space 4}lntrade_open {c |}{col 18}{res}{space 2} .0625496{col 30}{space 2} .1415601{col 41}{space 1}    0.44{col 50}{space 3}0.659{col 58}{space 4}-.2173759{col 71}{space 3}  .342475
{txt}{space 13}peg {c |}{col 18}{res}{space 2}-.1481002{col 30}{space 2} .0979291{col 41}{space 1}   -1.51{col 50}{space 3}0.133{col 58}{space 4}-.3417483{col 71}{space 3} .0455479
{txt}{space 8}underimf {c |}{col 18}{res}{space 2}-.0070653{col 30}{space 2} .0764514{col 41}{space 1}   -0.09{col 50}{space 3}0.927{col 58}{space 4}-.1582426{col 71}{space 3}  .144112
{txt}{space 16} {c |}
{space 12}year {c |}
{space 11}1971  {c |}{col 18}{res}{space 2} .1117559{col 30}{space 2} .0611014{col 41}{space 1}    1.83{col 50}{space 3}0.070{col 58}{space 4}-.0090679{col 71}{space 3} .2325797
{txt}{space 11}1972  {c |}{col 18}{res}{space 2} .1146634{col 30}{space 2} .0699801{col 41}{space 1}    1.64{col 50}{space 3}0.104{col 58}{space 4}-.0237174{col 71}{space 3} .2530442
{txt}{space 11}1973  {c |}{col 18}{res}{space 2}  .222416{col 30}{space 2} .0900906{col 41}{space 1}    2.47{col 50}{space 3}0.015{col 58}{space 4} .0442679{col 71}{space 3} .4005641
{txt}{space 11}1974  {c |}{col 18}{res}{space 2} .2670224{col 30}{space 2} .1281072{col 41}{space 1}    2.08{col 50}{space 3}0.039{col 58}{space 4} .0136992{col 71}{space 3} .5203456
{txt}{space 11}1975  {c |}{col 18}{res}{space 2}   .32362{col 30}{space 2} .1294038{col 41}{space 1}    2.50{col 50}{space 3}0.014{col 58}{space 4} .0677329{col 71}{space 3} .5795071
{txt}{space 11}1976  {c |}{col 18}{res}{space 2} .2963046{col 30}{space 2}  .136551{col 41}{space 1}    2.17{col 50}{space 3}0.032{col 58}{space 4} .0262844{col 71}{space 3} .5663248
{txt}{space 11}1977  {c |}{col 18}{res}{space 2} .3626808{col 30}{space 2}  .151428{col 41}{space 1}    2.40{col 50}{space 3}0.018{col 58}{space 4} .0632423{col 71}{space 3} .6621193
{txt}{space 11}1978  {c |}{col 18}{res}{space 2} .4508006{col 30}{space 2} .1720807{col 41}{space 1}    2.62{col 50}{space 3}0.010{col 58}{space 4} .1105228{col 71}{space 3} .7910784
{txt}{space 11}1979  {c |}{col 18}{res}{space 2} .4377834{col 30}{space 2} .1882969{col 41}{space 1}    2.32{col 50}{space 3}0.022{col 58}{space 4} .0654392{col 71}{space 3} .8101275
{txt}{space 11}1980  {c |}{col 18}{res}{space 2} .4653733{col 30}{space 2} .2108474{col 41}{space 1}    2.21{col 50}{space 3}0.029{col 58}{space 4} .0484371{col 71}{space 3} .8823095
{txt}{space 11}1981  {c |}{col 18}{res}{space 2} .4281533{col 30}{space 2} .2180262{col 41}{space 1}    1.96{col 50}{space 3}0.052{col 58}{space 4}-.0029785{col 71}{space 3}  .859285
{txt}{space 11}1982  {c |}{col 18}{res}{space 2} .4000872{col 30}{space 2} .2063447{col 41}{space 1}    1.94{col 50}{space 3}0.055{col 58}{space 4}-.0079452{col 71}{space 3} .8081196
{txt}{space 11}1983  {c |}{col 18}{res}{space 2} .4180047{col 30}{space 2} .2065267{col 41}{space 1}    2.02{col 50}{space 3}0.045{col 58}{space 4} .0096123{col 71}{space 3} .8263971
{txt}{space 11}1984  {c |}{col 18}{res}{space 2} .4571357{col 30}{space 2} .2228315{col 41}{space 1}    2.05{col 50}{space 3}0.042{col 58}{space 4} .0165017{col 71}{space 3} .8977697
{txt}{space 11}1985  {c |}{col 18}{res}{space 2} .5255485{col 30}{space 2} .2272426{col 41}{space 1}    2.31{col 50}{space 3}0.022{col 58}{space 4} .0761918{col 71}{space 3} .9749051
{txt}{space 11}1986  {c |}{col 18}{res}{space 2} .5980861{col 30}{space 2} .2281244{col 41}{space 1}    2.62{col 50}{space 3}0.010{col 58}{space 4} .1469859{col 71}{space 3} 1.049186
{txt}{space 11}1987  {c |}{col 18}{res}{space 2} .6258219{col 30}{space 2} .2398993{col 41}{space 1}    2.61{col 50}{space 3}0.010{col 58}{space 4} .1514376{col 71}{space 3} 1.100206
{txt}{space 11}1988  {c |}{col 18}{res}{space 2} .7078194{col 30}{space 2} .2562824{col 41}{space 1}    2.76{col 50}{space 3}0.007{col 58}{space 4} .2010386{col 71}{space 3}   1.2146
{txt}{space 11}1989  {c |}{col 18}{res}{space 2} .7682981{col 30}{space 2}  .267366{col 41}{space 1}    2.87{col 50}{space 3}0.005{col 58}{space 4} .2396002{col 71}{space 3} 1.296996
{txt}{space 11}1990  {c |}{col 18}{res}{space 2} .7886715{col 30}{space 2} .2824471{col 41}{space 1}    2.79{col 50}{space 3}0.006{col 58}{space 4} .2301518{col 71}{space 3} 1.347191
{txt}{space 11}1991  {c |}{col 18}{res}{space 2} .9173133{col 30}{space 2} .2885613{col 41}{space 1}    3.18{col 50}{space 3}0.002{col 58}{space 4} .3467032{col 71}{space 3} 1.487923
{txt}{space 11}1992  {c |}{col 18}{res}{space 2} 1.040887{col 30}{space 2}  .300877{col 41}{space 1}    3.46{col 50}{space 3}0.001{col 58}{space 4} .4459238{col 71}{space 3} 1.635851
{txt}{space 11}1993  {c |}{col 18}{res}{space 2} 1.310364{col 30}{space 2} .3153848{col 41}{space 1}    4.15{col 50}{space 3}0.000{col 58}{space 4} .6867121{col 71}{space 3} 1.934016
{txt}{space 11}1994  {c |}{col 18}{res}{space 2} 1.477662{col 30}{space 2} .3241966{col 41}{space 1}    4.56{col 50}{space 3}0.000{col 58}{space 4} .8365855{col 71}{space 3} 2.118738
{txt}{space 11}1995  {c |}{col 18}{res}{space 2} 1.689365{col 30}{space 2} .3320285{col 41}{space 1}    5.09{col 50}{space 3}0.000{col 58}{space 4} 1.032801{col 71}{space 3} 2.345928
{txt}{space 11}1996  {c |}{col 18}{res}{space 2} 1.661322{col 30}{space 2}  .371014{col 41}{space 1}    4.48{col 50}{space 3}0.000{col 58}{space 4} .9276672{col 71}{space 3} 2.394976
{txt}{space 11}1997  {c |}{col 18}{res}{space 2} 1.747338{col 30}{space 2} .3667096{col 41}{space 1}    4.76{col 50}{space 3}0.000{col 58}{space 4} 1.022195{col 71}{space 3} 2.472481
{txt}{space 11}1998  {c |}{col 18}{res}{space 2} 1.789831{col 30}{space 2} .3745598{col 41}{space 1}    4.78{col 50}{space 3}0.000{col 58}{space 4} 1.049165{col 71}{space 3} 2.530497
{txt}{space 11}1999  {c |}{col 18}{res}{space 2} 1.873882{col 30}{space 2} .3813069{col 41}{space 1}    4.91{col 50}{space 3}0.000{col 58}{space 4} 1.119874{col 71}{space 3}  2.62789
{txt}{space 11}2000  {c |}{col 18}{res}{space 2} 1.922439{col 30}{space 2} .3881156{col 41}{space 1}    4.95{col 50}{space 3}0.000{col 58}{space 4} 1.154967{col 71}{space 3} 2.689911
{txt}{space 11}2001  {c |}{col 18}{res}{space 2} 1.989024{col 30}{space 2} .3972924{col 41}{space 1}    5.01{col 50}{space 3}0.000{col 58}{space 4} 1.203406{col 71}{space 3} 2.774642
{txt}{space 11}2002  {c |}{col 18}{res}{space 2} 2.070123{col 30}{space 2} .4052442{col 41}{space 1}    5.11{col 50}{space 3}0.000{col 58}{space 4} 1.268781{col 71}{space 3} 2.871466
{txt}{space 11}2003  {c |}{col 18}{res}{space 2} 2.155004{col 30}{space 2} .4163038{col 41}{space 1}    5.18{col 50}{space 3}0.000{col 58}{space 4} 1.331792{col 71}{space 3} 2.978216
{txt}{space 11}2004  {c |}{col 18}{res}{space 2}  2.24013{col 30}{space 2} .4331429{col 41}{space 1}    5.17{col 50}{space 3}0.000{col 58}{space 4}  1.38362{col 71}{space 3}  3.09664
{txt}{space 11}2005  {c |}{col 18}{res}{space 2} 2.166346{col 30}{space 2} .4414634{col 41}{space 1}    4.91{col 50}{space 3}0.000{col 58}{space 4} 1.293383{col 71}{space 3}  3.03931
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2} .4516736{col 30}{space 2} 2.373032{col 41}{space 1}    0.19{col 50}{space 3}0.849{col 58}{space 4}-4.240833{col 71}{space 3}  5.14418
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
         sigma_u {c |} {res} 2.8811409
         {txt}sigma_e {c |} {res} .85003668
             {txt}rho {c |} {res} .91992469{txt}   (fraction of variance due to u_i)
{hline 17}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##c.vdem $controls i.year if G7 == 0, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     3,977
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       138

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2296{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.1300{col 63}{txt}avg{col 67}={col 69}{res}      28.8
{txt}     Overall = {res}0.0882{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}137{txt}){col 67}={col 70}{res}     5.81
{txt}corr(u_i, Xb) = {res}-0.9181{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:138} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.6091603{col 37}{space 2} .1296778{col 48}{space 1}   -4.70{col 57}{space 3}0.000{col 65}{space 4}-.8655893{col 78}{space 3}-.3527313
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2891085{col 37}{space 2} .3234791{col 48}{space 1}   -0.89{col 57}{space 3}0.373{col 65}{space 4}-.9287662{col 78}{space 3} .3505492
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .9821524{col 37}{space 2} .2364454{col 48}{space 1}    4.15{col 57}{space 3}0.000{col 65}{space 4} .5145978{col 78}{space 3} 1.449707
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2} -1.77898{col 37}{space 2} .4800273{col 48}{space 1}   -3.71{col 57}{space 3}0.000{col 65}{space 4}-2.728201{col 78}{space 3}-.8297588
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2431737{col 37}{space 2} .2169025{col 48}{space 1}    1.12{col 57}{space 3}0.264{col 65}{space 4}-.1857361{col 78}{space 3} .6720835
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4414364{col 37}{space 2} .2542106{col 48}{space 1}    1.74{col 57}{space 3}0.085{col 65}{space 4}-.0612476{col 78}{space 3} .9441203
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0642167{col 37}{space 2} .1399124{col 48}{space 1}    0.46{col 57}{space 3}0.647{col 65}{space 4}-.2124504{col 78}{space 3} .3408838
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1412262{col 37}{space 2} .0970412{col 48}{space 1}   -1.46{col 57}{space 3}0.148{col 65}{space 4}-.3331185{col 78}{space 3} .0506661
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0065229{col 37}{space 2} .0763368{col 48}{space 1}   -0.09{col 57}{space 3}0.932{col 65}{space 4}-.1574737{col 78}{space 3} .1444279
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .0934606{col 37}{space 2} .0617449{col 48}{space 1}    1.51{col 57}{space 3}0.132{col 65}{space 4}-.0286358{col 78}{space 3} .2155569
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .0953388{col 37}{space 2} .0705712{col 48}{space 1}    1.35{col 57}{space 3}0.179{col 65}{space 4}-.0442109{col 78}{space 3} .2348885
{txt}{space 18}1973  {c |}{col 25}{res}{space 2} .2095916{col 37}{space 2} .0896903{col 48}{space 1}    2.34{col 57}{space 3}0.021{col 65}{space 4} .0322351{col 78}{space 3}  .386948
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2518153{col 37}{space 2} .1281474{col 48}{space 1}    1.97{col 57}{space 3}0.051{col 65}{space 4}-.0015874{col 78}{space 3} .5052179
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3020187{col 37}{space 2} .1289767{col 48}{space 1}    2.34{col 57}{space 3}0.021{col 65}{space 4} .0469762{col 78}{space 3} .5570611
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2777441{col 37}{space 2} .1363636{col 48}{space 1}    2.04{col 57}{space 3}0.044{col 65}{space 4} .0080943{col 78}{space 3} .5473938
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3519651{col 37}{space 2} .1513858{col 48}{space 1}    2.32{col 57}{space 3}0.022{col 65}{space 4} .0526102{col 78}{space 3} .6513201
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4550873{col 37}{space 2} .1701029{col 48}{space 1}    2.68{col 57}{space 3}0.008{col 65}{space 4} .1187206{col 78}{space 3}  .791454
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4192486{col 37}{space 2} .1882058{col 48}{space 1}    2.23{col 57}{space 3}0.028{col 65}{space 4} .0470846{col 78}{space 3} .7914126
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4596765{col 37}{space 2}  .210327{col 48}{space 1}    2.19{col 57}{space 3}0.031{col 65}{space 4} .0437693{col 78}{space 3} .8755838
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4053136{col 37}{space 2}  .218439{col 48}{space 1}    1.86{col 57}{space 3}0.066{col 65}{space 4}-.0266345{col 78}{space 3} .8372617
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .3785234{col 37}{space 2} .2053596{col 48}{space 1}    1.84{col 57}{space 3}0.067{col 65}{space 4}-.0275611{col 78}{space 3}  .784608
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .3892104{col 37}{space 2} .2061318{col 48}{space 1}    1.89{col 57}{space 3}0.061{col 65}{space 4}-.0184011{col 78}{space 3} .7968219
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4420341{col 37}{space 2} .2228042{col 48}{space 1}    1.98{col 57}{space 3}0.049{col 65}{space 4} .0014541{col 78}{space 3}  .882614
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5084312{col 37}{space 2} .2276442{col 48}{space 1}    2.23{col 57}{space 3}0.027{col 65}{space 4} .0582805{col 78}{space 3} .9585819
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .5743883{col 37}{space 2} .2280186{col 48}{space 1}    2.52{col 57}{space 3}0.013{col 65}{space 4} .1234971{col 78}{space 3} 1.025279
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .5924784{col 37}{space 2}  .239684{col 48}{space 1}    2.47{col 57}{space 3}0.015{col 65}{space 4} .1185197{col 78}{space 3} 1.066437
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .6916839{col 37}{space 2} .2563983{col 48}{space 1}    2.70{col 57}{space 3}0.008{col 65}{space 4}  .184674{col 78}{space 3} 1.198694
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .7390248{col 37}{space 2} .2683749{col 48}{space 1}    2.75{col 57}{space 3}0.007{col 65}{space 4}  .208332{col 78}{space 3} 1.269718
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .7752893{col 37}{space 2} .2830899{col 48}{space 1}    2.74{col 57}{space 3}0.007{col 65}{space 4} .2154984{col 78}{space 3}  1.33508
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .8923613{col 37}{space 2} .2902396{col 48}{space 1}    3.07{col 57}{space 3}0.003{col 65}{space 4} .3184326{col 78}{space 3}  1.46629
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.020656{col 37}{space 2} .3015769{col 48}{space 1}    3.38{col 57}{space 3}0.001{col 65}{space 4} .4243086{col 78}{space 3} 1.617004
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.270688{col 37}{space 2}  .316596{col 48}{space 1}    4.01{col 57}{space 3}0.000{col 65}{space 4} .6446416{col 78}{space 3} 1.896735
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.435155{col 37}{space 2} .3241042{col 48}{space 1}    4.43{col 57}{space 3}0.000{col 65}{space 4} .7942617{col 78}{space 3} 2.076049
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.650439{col 37}{space 2} .3315824{col 48}{space 1}    4.98{col 57}{space 3}0.000{col 65}{space 4} .9947579{col 78}{space 3} 2.306121
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.636514{col 37}{space 2} .3710801{col 48}{space 1}    4.41{col 57}{space 3}0.000{col 65}{space 4} .9027285{col 78}{space 3} 2.370299
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.716069{col 37}{space 2} .3672554{col 48}{space 1}    4.67{col 57}{space 3}0.000{col 65}{space 4} .9898465{col 78}{space 3} 2.442291
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.768991{col 37}{space 2} .3746443{col 48}{space 1}    4.72{col 57}{space 3}0.000{col 65}{space 4} 1.028157{col 78}{space 3} 2.509824
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.851129{col 37}{space 2} .3808475{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.098029{col 78}{space 3} 2.604229
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.893087{col 37}{space 2} .3878851{col 48}{space 1}    4.88{col 57}{space 3}0.000{col 65}{space 4} 1.126071{col 78}{space 3} 2.660104
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.974309{col 37}{space 2} .3965804{col 48}{space 1}    4.98{col 57}{space 3}0.000{col 65}{space 4} 1.190098{col 78}{space 3} 2.758519
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.044873{col 37}{space 2} .4057558{col 48}{space 1}    5.04{col 57}{space 3}0.000{col 65}{space 4} 1.242519{col 78}{space 3} 2.847227
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.133548{col 37}{space 2} .4159153{col 48}{space 1}    5.13{col 57}{space 3}0.000{col 65}{space 4} 1.311104{col 78}{space 3} 2.955992
{txt}{space 18}2004  {c |}{col 25}{res}{space 2}  2.18085{col 37}{space 2} .4340569{col 48}{space 1}    5.02{col 57}{space 3}0.000{col 65}{space 4} 1.322532{col 78}{space 3} 3.039167
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.142108{col 37}{space 2} .4410918{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.269879{col 78}{space 3} 3.014337
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .4685561{col 37}{space 2} 2.368901{col 48}{space 1}    0.20{col 57}{space 3}0.843{col 65}{space 4}-4.215782{col 78}{space 3} 5.152894
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res}  2.832373
                {txt}sigma_e {c |} {res} .84731789
                    {txt}rho {c |} {res} .91785764{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtmixed ckaopen2010 l.sanction_onset##i.democracy $controls i.year || ccode:
{res}
{txt}Performing EM optimization: 
{res}
{txt}Performing gradient-based optimization: 
{res}
{txt}Iteration 0:{space 2}Log likelihood = {res:-5807.9038}  
{res}{txt}Iteration 1:{space 2}Log likelihood = {res:-5807.9038}  
{res}
{txt}Computing standard errors:
{res}
{txt}Mixed-effects ML regression{col 53}Number of obs{col 69} = {res}  4,364
{txt}Group variable: {res}ccode{col 53}{txt}Number of groups{col 69} = {res}    152
{txt}{col 53}Obs per group:
{col 66}min = {res}      4
{txt}{col 66}avg = {res}   28.7
{txt}{col 66}max = {res}     36
{col 53}{txt}Wald chi2({res}44{txt}){col 69} = {res}1071.38
{txt}Log likelihood = {res}-5807.9038{col 53}{txt}Prob > chi2{col 69} = {res} 0.0000

{txt}{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  Std. err.{col 52}      z{col 60}   P>|z|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4693577{col 40}{space 2} .0899831{col 51}{space 1}   -5.22{col 60}{space 3}0.000{col 68}{space 4}-.6457212{col 81}{space 3}-.2929941
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}  -.18067{col 40}{space 2} .0500226{col 51}{space 1}   -3.61{col 60}{space 3}0.000{col 68}{space 4}-.2787125{col 81}{space 3}-.0826276
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2} .6590677{col 40}{space 2} .1102595{col 51}{space 1}    5.98{col 60}{space 3}0.000{col 68}{space 4} .4429631{col 81}{space 3} .8751723
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2}-.1397617{col 40}{space 2} .0444331{col 51}{space 1}   -3.15{col 60}{space 3}0.002{col 68}{space 4}-.2268489{col 81}{space 3}-.0526745
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2} .4553382{col 40}{space 2} .0473111{col 51}{space 1}    9.62{col 60}{space 3}0.000{col 68}{space 4} .3626101{col 81}{space 3} .5480663
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .4650761{col 40}{space 2} .2047149{col 51}{space 1}    2.27{col 60}{space 3}0.023{col 68}{space 4} .0638423{col 81}{space 3} .8663098
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .2620447{col 40}{space 2} .0411723{col 51}{space 1}    6.36{col 60}{space 3}0.000{col 68}{space 4} .1813486{col 81}{space 3} .3427408
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0489573{col 40}{space 2} .0380609{col 51}{space 1}   -1.29{col 60}{space 3}0.198{col 68}{space 4}-.1235554{col 81}{space 3} .0256407
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0589012{col 40}{space 2} .0353219{col 51}{space 1}   -1.67{col 60}{space 3}0.095{col 68}{space 4}-.1281308{col 81}{space 3} .0103285
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2}  .073257{col 40}{space 2} .1305154{col 51}{space 1}    0.56{col 60}{space 3}0.575{col 68}{space 4}-.1825485{col 81}{space 3} .3290625
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .0461819{col 40}{space 2} .1285101{col 51}{space 1}    0.36{col 60}{space 3}0.719{col 68}{space 4}-.2056932{col 81}{space 3} .2980571
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .0788067{col 40}{space 2} .1294176{col 51}{space 1}    0.61{col 60}{space 3}0.543{col 68}{space 4}-.1748471{col 81}{space 3} .3324605
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .0060563{col 40}{space 2} .1310618{col 51}{space 1}    0.05{col 60}{space 3}0.963{col 68}{space 4}-.2508202{col 81}{space 3} .2629328
{txt}{space 21}1975  {c |}{col 28}{res}{space 2} .0313886{col 40}{space 2} .1325619{col 51}{space 1}    0.24{col 60}{space 3}0.813{col 68}{space 4}-.2284281{col 81}{space 3} .2912052
{txt}{space 21}1976  {c |}{col 28}{res}{space 2}-.0100653{col 40}{space 2} .1317264{col 51}{space 1}   -0.08{col 60}{space 3}0.939{col 68}{space 4}-.2682443{col 81}{space 3} .2481137
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .0063659{col 40}{space 2}  .131794{col 51}{space 1}    0.05{col 60}{space 3}0.961{col 68}{space 4}-.2519457{col 81}{space 3} .2646775
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .0383228{col 40}{space 2} .1328531{col 51}{space 1}    0.29{col 60}{space 3}0.773{col 68}{space 4}-.2220645{col 81}{space 3}   .29871
{txt}{space 21}1979  {c |}{col 28}{res}{space 2}-.0442845{col 40}{space 2} .1356373{col 51}{space 1}   -0.33{col 60}{space 3}0.744{col 68}{space 4}-.3101287{col 81}{space 3} .2215597
{txt}{space 21}1980  {c |}{col 28}{res}{space 2}-.0838129{col 40}{space 2} .1379297{col 51}{space 1}   -0.61{col 60}{space 3}0.543{col 68}{space 4}-.3541502{col 81}{space 3} .1865244
{txt}{space 21}1981  {c |}{col 28}{res}{space 2}-.1409919{col 40}{space 2} .1367929{col 51}{space 1}   -1.03{col 60}{space 3}0.303{col 68}{space 4}-.4091011{col 81}{space 3} .1271174
{txt}{space 21}1982  {c |}{col 28}{res}{space 2}-.1697827{col 40}{space 2} .1358095{col 51}{space 1}   -1.25{col 60}{space 3}0.211{col 68}{space 4}-.4359644{col 81}{space 3}  .096399
{txt}{space 21}1983  {c |}{col 28}{res}{space 2}-.1693964{col 40}{space 2} .1345361{col 51}{space 1}   -1.26{col 60}{space 3}0.208{col 68}{space 4}-.4330823{col 81}{space 3} .0942895
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} -.139954{col 40}{space 2}  .134108{col 51}{space 1}   -1.04{col 60}{space 3}0.297{col 68}{space 4}-.4028009{col 81}{space 3} .1228929
{txt}{space 21}1985  {c |}{col 28}{res}{space 2}-.1063022{col 40}{space 2} .1338917{col 51}{space 1}   -0.79{col 60}{space 3}0.427{col 68}{space 4}-.3687252{col 81}{space 3} .1561208
{txt}{space 21}1986  {c |}{col 28}{res}{space 2}-.0791007{col 40}{space 2} .1340455{col 51}{space 1}   -0.59{col 60}{space 3}0.555{col 68}{space 4}-.3418251{col 81}{space 3} .1836236
{txt}{space 21}1987  {c |}{col 28}{res}{space 2}-.1198773{col 40}{space 2} .1351951{col 51}{space 1}   -0.89{col 60}{space 3}0.375{col 68}{space 4}-.3848548{col 81}{space 3} .1451001
{txt}{space 21}1988  {c |}{col 28}{res}{space 2}-.0708237{col 40}{space 2} .1361967{col 51}{space 1}   -0.52{col 60}{space 3}0.603{col 68}{space 4}-.3377644{col 81}{space 3} .1961169
{txt}{space 21}1989  {c |}{col 28}{res}{space 2}-.0679361{col 40}{space 2} .1377659{col 51}{space 1}   -0.49{col 60}{space 3}0.622{col 68}{space 4}-.3379522{col 81}{space 3}   .20208
{txt}{space 21}1990  {c |}{col 28}{res}{space 2} -.073196{col 40}{space 2} .1394543{col 51}{space 1}   -0.52{col 60}{space 3}0.600{col 68}{space 4}-.3465215{col 81}{space 3} .2001295
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .0151078{col 40}{space 2} .1392442{col 51}{space 1}    0.11{col 60}{space 3}0.914{col 68}{space 4}-.2578058{col 81}{space 3} .2880213
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .0739006{col 40}{space 2} .1407692{col 51}{space 1}    0.52{col 60}{space 3}0.600{col 68}{space 4}-.2020019{col 81}{space 3}  .349803
{txt}{space 21}1993  {c |}{col 28}{res}{space 2}  .294002{col 40}{space 2} .1403215{col 51}{space 1}    2.10{col 60}{space 3}0.036{col 68}{space 4} .0189769{col 81}{space 3} .5690272
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} .4148194{col 40}{space 2} .1409838{col 51}{space 1}    2.94{col 60}{space 3}0.003{col 68}{space 4} .1384963{col 81}{space 3} .6911425
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} .5228355{col 40}{space 2} .1440774{col 51}{space 1}    3.63{col 60}{space 3}0.000{col 68}{space 4}  .240449{col 81}{space 3} .8052221
{txt}{space 21}1996  {c |}{col 28}{res}{space 2}    .3961{col 40}{space 2} .1446271{col 51}{space 1}    2.74{col 60}{space 3}0.006{col 68}{space 4} .1126362{col 81}{space 3} .6795639
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} .4613488{col 40}{space 2} .1438908{col 51}{space 1}    3.21{col 60}{space 3}0.001{col 68}{space 4} .1793281{col 81}{space 3} .7433696
{txt}{space 21}1998  {c |}{col 28}{res}{space 2} .4855093{col 40}{space 2} .1409144{col 51}{space 1}    3.45{col 60}{space 3}0.001{col 68}{space 4} .2093222{col 81}{space 3} .7616964
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} .5392858{col 40}{space 2} .1408262{col 51}{space 1}    3.83{col 60}{space 3}0.000{col 68}{space 4} .2632716{col 81}{space 3} .8152999
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} .5236509{col 40}{space 2} .1423258{col 51}{space 1}    3.68{col 60}{space 3}0.000{col 68}{space 4} .2446974{col 81}{space 3} .8026044
{txt}{space 21}2001  {c |}{col 28}{res}{space 2}  .565289{col 40}{space 2} .1418378{col 51}{space 1}    3.99{col 60}{space 3}0.000{col 68}{space 4} .2872921{col 81}{space 3}  .843286
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} .5855748{col 40}{space 2} .1423086{col 51}{space 1}    4.11{col 60}{space 3}0.000{col 68}{space 4}  .306655{col 81}{space 3} .8644945
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} .6233575{col 40}{space 2} .1450357{col 51}{space 1}    4.30{col 60}{space 3}0.000{col 68}{space 4} .3390927{col 81}{space 3} .9076223
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} .6109196{col 40}{space 2} .1487421{col 51}{space 1}    4.11{col 60}{space 3}0.000{col 68}{space 4} .3193905{col 81}{space 3} .9024488
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} .5000461{col 40}{space 2} .1512945{col 51}{space 1}    3.31{col 60}{space 3}0.001{col 68}{space 4} .2035142{col 81}{space 3} .7965779
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2}-3.296483{col 40}{space 2} .4687162{col 51}{space 1}   -7.03{col 60}{space 3}0.000{col 68}{space 4} -4.21515{col 81}{space 3}-2.377816
{txt}{hline 27}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}{hline 29}{c TT}{hline 48}
{col 3}Random-effects parameters{col 30}{c |}{col 34}Estimate{col 45}Std. err.{col 59}[95% conf. interval]
{hline 29}{c +}{hline 48}
{res}ccode{txt}: Identity{col 30}{c |}
{space 19}sd(_cons) {c |}{res}{col 33}  1.03412{col 44} .0677353{col 58} .9095296{col 70} 1.175777
{txt}{hline 29}{c +}{hline 48}
{col 17}sd(Residual){col 30}{c |}{res}{col 33} .8595346{col 44} .0094023{col 58} .8413026{col 70} .8781616
{txt}{hline 29}{c BT}{hline 48}
LR test vs. linear model:{col 27}{help j_chibar##|_new:chibar2(01) =} {res}2646.55{col 55}{txt}Prob >= chibar2 = {col 73}{res}0.0000
{txt}
{com}. xtmixed ckaopen2010 l.sanction_onset##c.vdem $controls i.year || ccode:
{res}
{txt}Performing EM optimization: 
{res}
{txt}Performing gradient-based optimization: 
{res}
{txt}Iteration 0:{space 2}Log likelihood = {res:-5607.4902}  
{res}{txt}Iteration 1:{space 2}Log likelihood = {res:-5607.4902}  
{res}
{txt}Computing standard errors:
{res}
{txt}Mixed-effects ML regression{col 53}Number of obs{col 69} = {res}  4,229
{txt}Group variable: {res}ccode{col 53}{txt}Number of groups{col 69} = {res}    145
{txt}{col 53}Obs per group:
{col 66}min = {res}      4
{txt}{col 66}avg = {res}   29.2
{txt}{col 66}max = {res}     36
{col 53}{txt}Wald chi2({res}44{txt}){col 69} = {res}1160.37
{txt}Log likelihood = {res}-5607.4902{col 53}{txt}Prob > chi2{col 69} = {res} 0.0000

{txt}{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  Std. err.{col 49}      z{col 57}   P>|z|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.6503283{col 37}{space 2} .1140469{col 48}{space 1}   -5.70{col 57}{space 3}0.000{col 65}{space 4}-.8738561{col 78}{space 3}-.4268005
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.1650721{col 37}{space 2} .1132682{col 48}{space 1}   -1.46{col 57}{space 3}0.145{col 65}{space 4}-.3870737{col 78}{space 3} .0569294
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} 1.050775{col 37}{space 2} .1757609{col 48}{space 1}    5.98{col 57}{space 3}0.000{col 65}{space 4} .7062902{col 78}{space 3}  1.39526
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-.2702651{col 37}{space 2} .0504502{col 48}{space 1}   -5.36{col 57}{space 3}0.000{col 65}{space 4}-.3691458{col 78}{space 3}-.1713844
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .4726034{col 37}{space 2} .0480044{col 48}{space 1}    9.84{col 57}{space 3}0.000{col 65}{space 4} .3785165{col 78}{space 3} .5666903
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .3668404{col 37}{space 2} .2056288{col 48}{space 1}    1.78{col 57}{space 3}0.074{col 65}{space 4}-.0361847{col 78}{space 3} .7698655
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .1702687{col 37}{space 2} .0416411{col 48}{space 1}    4.09{col 57}{space 3}0.000{col 65}{space 4} .0886536{col 78}{space 3} .2518838
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.0529708{col 37}{space 2} .0377731{col 48}{space 1}   -1.40{col 57}{space 3}0.161{col 65}{space 4}-.1270048{col 78}{space 3} .0210632
{txt}{space 15}underimf {c |}{col 25}{res}{space 2} -.082059{col 37}{space 2} .0353982{col 48}{space 1}   -2.32{col 57}{space 3}0.020{col 65}{space 4}-.1514382{col 78}{space 3}-.0126799
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .0742419{col 37}{space 2}  .128331{col 48}{space 1}    0.58{col 57}{space 3}0.563{col 65}{space 4}-.1772823{col 78}{space 3} .3257661
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .0579583{col 37}{space 2} .1267243{col 48}{space 1}    0.46{col 57}{space 3}0.647{col 65}{space 4}-.1904167{col 78}{space 3} .3063334
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .110324{col 37}{space 2} .1276633{col 48}{space 1}    0.86{col 57}{space 3}0.387{col 65}{space 4}-.1398914{col 78}{space 3} .3605393
{txt}{space 18}1974  {c |}{col 25}{res}{space 2}  .071609{col 37}{space 2} .1294443{col 48}{space 1}    0.55{col 57}{space 3}0.580{col 65}{space 4}-.1820971{col 78}{space 3} .3253151
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .0839142{col 37}{space 2} .1312613{col 48}{space 1}    0.64{col 57}{space 3}0.523{col 65}{space 4}-.1733532{col 78}{space 3} .3411816
{txt}{space 18}1976  {c |}{col 25}{res}{space 2}  .045224{col 37}{space 2} .1304212{col 48}{space 1}    0.35{col 57}{space 3}0.729{col 65}{space 4}-.2103968{col 78}{space 3} .3008448
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .0680435{col 37}{space 2} .1306896{col 48}{space 1}    0.52{col 57}{space 3}0.603{col 65}{space 4}-.1881035{col 78}{space 3} .3241905
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .1167289{col 37}{space 2} .1318307{col 48}{space 1}    0.89{col 57}{space 3}0.376{col 65}{space 4}-.1416545{col 78}{space 3} .3751124
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .0693795{col 37}{space 2} .1349288{col 48}{space 1}    0.51{col 57}{space 3}0.607{col 65}{space 4} -.195076{col 78}{space 3}  .333835
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .0541042{col 37}{space 2} .1368584{col 48}{space 1}    0.40{col 57}{space 3}0.693{col 65}{space 4}-.2141334{col 78}{space 3} .3223419
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} -.020406{col 37}{space 2} .1358224{col 48}{space 1}   -0.15{col 57}{space 3}0.881{col 65}{space 4} -.286613{col 78}{space 3} .2458009
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}-.0617809{col 37}{space 2} .1351036{col 48}{space 1}   -0.46{col 57}{space 3}0.647{col 65}{space 4} -.326579{col 78}{space 3} .2030172
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} -.066011{col 37}{space 2} .1340664{col 48}{space 1}   -0.49{col 57}{space 3}0.622{col 65}{space 4}-.3287763{col 78}{space 3} .1967542
{txt}{space 18}1984  {c |}{col 25}{res}{space 2}-.0506006{col 37}{space 2} .1338326{col 48}{space 1}   -0.38{col 57}{space 3}0.705{col 65}{space 4}-.3129076{col 78}{space 3} .2117065
{txt}{space 18}1985  {c |}{col 25}{res}{space 2}-.0147237{col 37}{space 2} .1337303{col 48}{space 1}   -0.11{col 57}{space 3}0.912{col 65}{space 4}-.2768303{col 78}{space 3} .2473829
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .0077005{col 37}{space 2} .1337295{col 48}{space 1}    0.06{col 57}{space 3}0.954{col 65}{space 4}-.2544044{col 78}{space 3} .2698055
{txt}{space 18}1987  {c |}{col 25}{res}{space 2}-.0264655{col 37}{space 2} .1350624{col 48}{space 1}   -0.20{col 57}{space 3}0.845{col 65}{space 4}-.2911828{col 78}{space 3} .2382519
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .0341475{col 37}{space 2} .1363545{col 48}{space 1}    0.25{col 57}{space 3}0.802{col 65}{space 4}-.2331024{col 78}{space 3} .3013973
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .0464911{col 37}{space 2} .1380947{col 48}{space 1}    0.34{col 57}{space 3}0.736{col 65}{space 4}-.2241695{col 78}{space 3} .3171518
{txt}{space 18}1990  {c |}{col 25}{res}{space 2}  .053977{col 37}{space 2} .1402446{col 48}{space 1}    0.38{col 57}{space 3}0.700{col 65}{space 4}-.2208975{col 78}{space 3} .3288515
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .1407305{col 37}{space 2} .1401158{col 48}{space 1}    1.00{col 57}{space 3}0.315{col 65}{space 4}-.1338915{col 78}{space 3} .4153524
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .2190937{col 37}{space 2} .1415293{col 48}{space 1}    1.55{col 57}{space 3}0.122{col 65}{space 4}-.0582987{col 78}{space 3} .4964861
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} .4331653{col 37}{space 2} .1413928{col 48}{space 1}    3.06{col 57}{space 3}0.002{col 65}{space 4} .1560406{col 78}{space 3}   .71029
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} .5469425{col 37}{space 2} .1422833{col 48}{space 1}    3.84{col 57}{space 3}0.000{col 65}{space 4} .2680724{col 78}{space 3} .8258126
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} .6855873{col 37}{space 2} .1456557{col 48}{space 1}    4.71{col 57}{space 3}0.000{col 65}{space 4} .4001075{col 78}{space 3} .9710672
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} .6453002{col 37}{space 2} .1462863{col 48}{space 1}    4.41{col 57}{space 3}0.000{col 65}{space 4} .3585843{col 78}{space 3}  .932016
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} .6937388{col 37}{space 2} .1457271{col 48}{space 1}    4.76{col 57}{space 3}0.000{col 65}{space 4}  .408119{col 78}{space 3} .9793586
{txt}{space 18}1998  {c |}{col 25}{res}{space 2}   .70494{col 37}{space 2} .1423802{col 48}{space 1}    4.95{col 57}{space 3}0.000{col 65}{space 4} .4258799{col 78}{space 3} .9840001
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} .7542864{col 37}{space 2} .1423009{col 48}{space 1}    5.30{col 57}{space 3}0.000{col 65}{space 4} .4753818{col 78}{space 3} 1.033191
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} .7524617{col 37}{space 2}  .143887{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} .4704484{col 78}{space 3} 1.034475
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} .8032412{col 37}{space 2} .1433889{col 48}{space 1}    5.60{col 57}{space 3}0.000{col 65}{space 4} .5222042{col 78}{space 3} 1.084278
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} .8393441{col 37}{space 2} .1438589{col 48}{space 1}    5.83{col 57}{space 3}0.000{col 65}{space 4} .5573858{col 78}{space 3} 1.121302
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} .8845743{col 37}{space 2}  .146864{col 48}{space 1}    6.02{col 57}{space 3}0.000{col 65}{space 4} .5967261{col 78}{space 3} 1.172423
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} .8795984{col 37}{space 2} .1507144{col 48}{space 1}    5.84{col 57}{space 3}0.000{col 65}{space 4} .5842036{col 78}{space 3} 1.174993
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} .7597486{col 37}{space 2} .1533543{col 48}{space 1}    4.95{col 57}{space 3}0.000{col 65}{space 4} .4591797{col 78}{space 3} 1.060317
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2}-3.468709{col 37}{space 2} .4805916{col 48}{space 1}   -7.22{col 57}{space 3}0.000{col 65}{space 4}-4.410652{col 78}{space 3}-2.526767
{txt}{hline 24}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}{hline 29}{c TT}{hline 48}
{col 3}Random-effects parameters{col 30}{c |}{col 34}Estimate{col 45}Std. err.{col 59}[95% conf. interval]
{hline 29}{c +}{hline 48}
{res}ccode{txt}: Identity{col 30}{c |}
{space 19}sd(_cons) {c |}{res}{col 33} 1.060497{col 44} .0732876{col 58} .9261594{col 70} 1.214321
{txt}{hline 29}{c +}{hline 48}
{col 17}sd(Residual){col 30}{c |}{res}{col 33} .8550581{col 44} .0095118{col 58} .8366171{col 70} .8739057
{txt}{hline 29}{c BT}{hline 48}
LR test vs. linear model:{col 27}{help j_chibar##|_new:chibar2(01) =} {res}2567.06{col 55}{txt}Prob >= chibar2 = {col 73}{res}0.0000
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtmixed ckaopen2010 l.sanction_onset##c.vdem $controls i.year || ccode:
{res}
{txt}Performing EM optimization: 
{res}
{txt}Performing gradient-based optimization: 
{res}
{txt}Iteration 0:{space 2}Log likelihood = {res:-5607.4902}  
{res}{txt}Iteration 1:{space 2}Log likelihood = {res:-5607.4902}  
{res}
{txt}Computing standard errors:
{res}
{txt}Mixed-effects ML regression{col 53}Number of obs{col 69} = {res}  4,229
{txt}Group variable: {res}ccode{col 53}{txt}Number of groups{col 69} = {res}    145
{txt}{col 53}Obs per group:
{col 66}min = {res}      4
{txt}{col 66}avg = {res}   29.2
{txt}{col 66}max = {res}     36
{col 53}{txt}Wald chi2({res}44{txt}){col 69} = {res}1160.37
{txt}Log likelihood = {res}-5607.4902{col 53}{txt}Prob > chi2{col 69} = {res} 0.0000

{txt}{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  Std. err.{col 49}      z{col 57}   P>|z|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.6503283{col 37}{space 2} .1140469{col 48}{space 1}   -5.70{col 57}{space 3}0.000{col 65}{space 4}-.8738561{col 78}{space 3}-.4268005
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.1650721{col 37}{space 2} .1132682{col 48}{space 1}   -1.46{col 57}{space 3}0.145{col 65}{space 4}-.3870737{col 78}{space 3} .0569294
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} 1.050775{col 37}{space 2} .1757609{col 48}{space 1}    5.98{col 57}{space 3}0.000{col 65}{space 4} .7062902{col 78}{space 3}  1.39526
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-.2702651{col 37}{space 2} .0504502{col 48}{space 1}   -5.36{col 57}{space 3}0.000{col 65}{space 4}-.3691458{col 78}{space 3}-.1713844
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .4726034{col 37}{space 2} .0480044{col 48}{space 1}    9.84{col 57}{space 3}0.000{col 65}{space 4} .3785165{col 78}{space 3} .5666903
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .3668404{col 37}{space 2} .2056288{col 48}{space 1}    1.78{col 57}{space 3}0.074{col 65}{space 4}-.0361847{col 78}{space 3} .7698655
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .1702687{col 37}{space 2} .0416411{col 48}{space 1}    4.09{col 57}{space 3}0.000{col 65}{space 4} .0886536{col 78}{space 3} .2518838
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.0529708{col 37}{space 2} .0377731{col 48}{space 1}   -1.40{col 57}{space 3}0.161{col 65}{space 4}-.1270048{col 78}{space 3} .0210632
{txt}{space 15}underimf {c |}{col 25}{res}{space 2} -.082059{col 37}{space 2} .0353982{col 48}{space 1}   -2.32{col 57}{space 3}0.020{col 65}{space 4}-.1514382{col 78}{space 3}-.0126799
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .0742419{col 37}{space 2}  .128331{col 48}{space 1}    0.58{col 57}{space 3}0.563{col 65}{space 4}-.1772823{col 78}{space 3} .3257661
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .0579583{col 37}{space 2} .1267243{col 48}{space 1}    0.46{col 57}{space 3}0.647{col 65}{space 4}-.1904167{col 78}{space 3} .3063334
{txt}{space 18}1973  {c |}{col 25}{res}{space 2}  .110324{col 37}{space 2} .1276633{col 48}{space 1}    0.86{col 57}{space 3}0.387{col 65}{space 4}-.1398914{col 78}{space 3} .3605393
{txt}{space 18}1974  {c |}{col 25}{res}{space 2}  .071609{col 37}{space 2} .1294443{col 48}{space 1}    0.55{col 57}{space 3}0.580{col 65}{space 4}-.1820971{col 78}{space 3} .3253151
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .0839142{col 37}{space 2} .1312613{col 48}{space 1}    0.64{col 57}{space 3}0.523{col 65}{space 4}-.1733532{col 78}{space 3} .3411816
{txt}{space 18}1976  {c |}{col 25}{res}{space 2}  .045224{col 37}{space 2} .1304212{col 48}{space 1}    0.35{col 57}{space 3}0.729{col 65}{space 4}-.2103968{col 78}{space 3} .3008448
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .0680435{col 37}{space 2} .1306896{col 48}{space 1}    0.52{col 57}{space 3}0.603{col 65}{space 4}-.1881035{col 78}{space 3} .3241905
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .1167289{col 37}{space 2} .1318307{col 48}{space 1}    0.89{col 57}{space 3}0.376{col 65}{space 4}-.1416545{col 78}{space 3} .3751124
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .0693795{col 37}{space 2} .1349288{col 48}{space 1}    0.51{col 57}{space 3}0.607{col 65}{space 4} -.195076{col 78}{space 3}  .333835
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .0541042{col 37}{space 2} .1368584{col 48}{space 1}    0.40{col 57}{space 3}0.693{col 65}{space 4}-.2141334{col 78}{space 3} .3223419
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} -.020406{col 37}{space 2} .1358224{col 48}{space 1}   -0.15{col 57}{space 3}0.881{col 65}{space 4} -.286613{col 78}{space 3} .2458009
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}-.0617809{col 37}{space 2} .1351036{col 48}{space 1}   -0.46{col 57}{space 3}0.647{col 65}{space 4} -.326579{col 78}{space 3} .2030172
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} -.066011{col 37}{space 2} .1340664{col 48}{space 1}   -0.49{col 57}{space 3}0.622{col 65}{space 4}-.3287763{col 78}{space 3} .1967542
{txt}{space 18}1984  {c |}{col 25}{res}{space 2}-.0506006{col 37}{space 2} .1338326{col 48}{space 1}   -0.38{col 57}{space 3}0.705{col 65}{space 4}-.3129076{col 78}{space 3} .2117065
{txt}{space 18}1985  {c |}{col 25}{res}{space 2}-.0147237{col 37}{space 2} .1337303{col 48}{space 1}   -0.11{col 57}{space 3}0.912{col 65}{space 4}-.2768303{col 78}{space 3} .2473829
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .0077005{col 37}{space 2} .1337295{col 48}{space 1}    0.06{col 57}{space 3}0.954{col 65}{space 4}-.2544044{col 78}{space 3} .2698055
{txt}{space 18}1987  {c |}{col 25}{res}{space 2}-.0264655{col 37}{space 2} .1350624{col 48}{space 1}   -0.20{col 57}{space 3}0.845{col 65}{space 4}-.2911828{col 78}{space 3} .2382519
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .0341475{col 37}{space 2} .1363545{col 48}{space 1}    0.25{col 57}{space 3}0.802{col 65}{space 4}-.2331024{col 78}{space 3} .3013973
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .0464911{col 37}{space 2} .1380947{col 48}{space 1}    0.34{col 57}{space 3}0.736{col 65}{space 4}-.2241695{col 78}{space 3} .3171518
{txt}{space 18}1990  {c |}{col 25}{res}{space 2}  .053977{col 37}{space 2} .1402446{col 48}{space 1}    0.38{col 57}{space 3}0.700{col 65}{space 4}-.2208975{col 78}{space 3} .3288515
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .1407305{col 37}{space 2} .1401158{col 48}{space 1}    1.00{col 57}{space 3}0.315{col 65}{space 4}-.1338915{col 78}{space 3} .4153524
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .2190937{col 37}{space 2} .1415293{col 48}{space 1}    1.55{col 57}{space 3}0.122{col 65}{space 4}-.0582987{col 78}{space 3} .4964861
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} .4331653{col 37}{space 2} .1413928{col 48}{space 1}    3.06{col 57}{space 3}0.002{col 65}{space 4} .1560406{col 78}{space 3}   .71029
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} .5469425{col 37}{space 2} .1422833{col 48}{space 1}    3.84{col 57}{space 3}0.000{col 65}{space 4} .2680724{col 78}{space 3} .8258126
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} .6855873{col 37}{space 2} .1456557{col 48}{space 1}    4.71{col 57}{space 3}0.000{col 65}{space 4} .4001075{col 78}{space 3} .9710672
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} .6453002{col 37}{space 2} .1462863{col 48}{space 1}    4.41{col 57}{space 3}0.000{col 65}{space 4} .3585843{col 78}{space 3}  .932016
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} .6937388{col 37}{space 2} .1457271{col 48}{space 1}    4.76{col 57}{space 3}0.000{col 65}{space 4}  .408119{col 78}{space 3} .9793586
{txt}{space 18}1998  {c |}{col 25}{res}{space 2}   .70494{col 37}{space 2} .1423802{col 48}{space 1}    4.95{col 57}{space 3}0.000{col 65}{space 4} .4258799{col 78}{space 3} .9840001
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} .7542864{col 37}{space 2} .1423009{col 48}{space 1}    5.30{col 57}{space 3}0.000{col 65}{space 4} .4753818{col 78}{space 3} 1.033191
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} .7524617{col 37}{space 2}  .143887{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} .4704484{col 78}{space 3} 1.034475
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} .8032412{col 37}{space 2} .1433889{col 48}{space 1}    5.60{col 57}{space 3}0.000{col 65}{space 4} .5222042{col 78}{space 3} 1.084278
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} .8393441{col 37}{space 2} .1438589{col 48}{space 1}    5.83{col 57}{space 3}0.000{col 65}{space 4} .5573858{col 78}{space 3} 1.121302
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} .8845743{col 37}{space 2}  .146864{col 48}{space 1}    6.02{col 57}{space 3}0.000{col 65}{space 4} .5967261{col 78}{space 3} 1.172423
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} .8795984{col 37}{space 2} .1507144{col 48}{space 1}    5.84{col 57}{space 3}0.000{col 65}{space 4} .5842036{col 78}{space 3} 1.174993
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} .7597486{col 37}{space 2} .1533543{col 48}{space 1}    4.95{col 57}{space 3}0.000{col 65}{space 4} .4591797{col 78}{space 3} 1.060317
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2}-3.468709{col 37}{space 2} .4805916{col 48}{space 1}   -7.22{col 57}{space 3}0.000{col 65}{space 4}-4.410652{col 78}{space 3}-2.526767
{txt}{hline 24}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}
{txt}{hline 29}{c TT}{hline 48}
{col 3}Random-effects parameters{col 30}{c |}{col 34}Estimate{col 45}Std. err.{col 59}[95% conf. interval]
{hline 29}{c +}{hline 48}
{res}ccode{txt}: Identity{col 30}{c |}
{space 19}sd(_cons) {c |}{res}{col 33} 1.060497{col 44} .0732876{col 58} .9261594{col 70} 1.214321
{txt}{hline 29}{c +}{hline 48}
{col 17}sd(Residual){col 30}{c |}{res}{col 33} .8550581{col 44} .0095118{col 58} .8366171{col 70} .8739057
{txt}{hline 29}{c BT}{hline 48}
LR test vs. linear model:{col 27}{help j_chibar##|_new:chibar2(01) =} {res}2567.06{col 55}{txt}Prob >= chibar2 = {col 73}{res}0.0000
{txt}
{com}. margins, dydx(l.sanction_onset) at(vdem=(0 (.05) 1))
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,229}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, fixed portion, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.sanction_onset}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:0}}
{lalign 8:2._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.05}}
{lalign 8:3._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.1}}
{lalign 8:4._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.15}}
{lalign 8:5._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.2}}
{lalign 8:6._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.25}}
{lalign 8:7._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.3}}
{lalign 8:8._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.35}}
{lalign 8:9._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.4}}
{lalign 8:10._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.45}}
{lalign 8:11._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.5}}
{lalign 8:12._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.55}}
{lalign 8:13._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.6}}
{lalign 8:14._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.65}}
{lalign 8:15._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.7}}
{lalign 8:16._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.75}}
{lalign 8:17._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.8}}
{lalign 8:18._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.85}}
{lalign 8:19._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.9}}
{lalign 8:20._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.95}}
{lalign 8:21._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:1}}

{res}{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32} Delta-method
{col 20}{c |}      dy/dx{col 32}   std. err.{col 44}      z{col 52}   P>|z|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.sanction_onset {col 20}{txt}{c |}  (base outcome)
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.sanction_onset  {txt}{c |}
{space 15}_at {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.6503283{col 32}{space 2} .1140469{col 43}{space 1}   -5.70{col 52}{space 3}0.000{col 60}{space 4}-.8738561{col 73}{space 3}-.4268005
{txt}{space 16}2  {c |}{col 20}{res}{space 2}-.5977895{col 32}{space 2} .1063757{col 43}{space 1}   -5.62{col 52}{space 3}0.000{col 60}{space 4}-.8062821{col 73}{space 3} -.389297
{txt}{space 16}3  {c |}{col 20}{res}{space 2}-.5452507{col 32}{space 2} .0988906{col 43}{space 1}   -5.51{col 52}{space 3}0.000{col 60}{space 4}-.7390727{col 73}{space 3}-.3514288
{txt}{space 16}4  {c |}{col 20}{res}{space 2} -.492712{col 32}{space 2} .0916371{col 43}{space 1}   -5.38{col 52}{space 3}0.000{col 60}{space 4}-.6723175{col 73}{space 3}-.3131065
{txt}{space 16}5  {c |}{col 20}{res}{space 2}-.4401732{col 32}{space 2} .0846749{col 43}{space 1}   -5.20{col 52}{space 3}0.000{col 60}{space 4} -.606133{col 73}{space 3}-.2742134
{txt}{space 16}6  {c |}{col 20}{res}{space 2}-.3876345{col 32}{space 2} .0780819{col 43}{space 1}   -4.96{col 52}{space 3}0.000{col 60}{space 4}-.5406721{col 73}{space 3}-.2345968
{txt}{space 16}7  {c |}{col 20}{res}{space 2}-.3350957{col 32}{space 2} .0719595{col 43}{space 1}   -4.66{col 52}{space 3}0.000{col 60}{space 4}-.4761338{col 73}{space 3}-.1940576
{txt}{space 16}8  {c |}{col 20}{res}{space 2}-.2825569{col 32}{space 2} .0664382{col 43}{space 1}   -4.25{col 52}{space 3}0.000{col 60}{space 4}-.4127734{col 73}{space 3}-.1523405
{txt}{space 16}9  {c |}{col 20}{res}{space 2}-.2300182{col 32}{space 2} .0616794{col 43}{space 1}   -3.73{col 52}{space 3}0.000{col 60}{space 4}-.3509075{col 73}{space 3}-.1091288
{txt}{space 15}10  {c |}{col 20}{res}{space 2}-.1774794{col 32}{space 2} .0578716{col 43}{space 1}   -3.07{col 52}{space 3}0.002{col 60}{space 4}-.2909056{col 73}{space 3}-.0640532
{txt}{space 15}11  {c |}{col 20}{res}{space 2}-.1249406{col 32}{space 2} .0552119{col 43}{space 1}   -2.26{col 52}{space 3}0.024{col 60}{space 4} -.233154{col 73}{space 3}-.0167273
{txt}{space 15}12  {c |}{col 20}{res}{space 2}-.0724019{col 32}{space 2} .0538706{col 43}{space 1}   -1.34{col 52}{space 3}0.179{col 60}{space 4}-.1779864{col 73}{space 3} .0331826
{txt}{space 15}13  {c |}{col 20}{res}{space 2}-.0198631{col 32}{space 2} .0539463{col 43}{space 1}   -0.37{col 52}{space 3}0.713{col 60}{space 4}-.1255958{col 73}{space 3} .0858696
{txt}{space 15}14  {c |}{col 20}{res}{space 2} .0326756{col 32}{space 2} .0554329{col 43}{space 1}    0.59{col 52}{space 3}0.556{col 60}{space 4}-.0759709{col 73}{space 3} .1413222
{txt}{space 15}15  {c |}{col 20}{res}{space 2} .0852144{col 32}{space 2} .0582227{col 43}{space 1}    1.46{col 52}{space 3}0.143{col 60}{space 4}   -.0289{col 73}{space 3} .1993287
{txt}{space 15}16  {c |}{col 20}{res}{space 2} .1377532{col 32}{space 2} .0621403{col 43}{space 1}    2.22{col 52}{space 3}0.027{col 60}{space 4} .0159605{col 73}{space 3} .2595459
{txt}{space 15}17  {c |}{col 20}{res}{space 2} .1902919{col 32}{space 2} .0669881{col 43}{space 1}    2.84{col 52}{space 3}0.005{col 60}{space 4} .0589977{col 73}{space 3} .3215862
{txt}{space 15}18  {c |}{col 20}{res}{space 2} .2428307{col 32}{space 2}   .07258{col 43}{space 1}    3.35{col 52}{space 3}0.001{col 60}{space 4} .1005765{col 73}{space 3} .3850849
{txt}{space 15}19  {c |}{col 20}{res}{space 2} .2953694{col 32}{space 2} .0787576{col 43}{space 1}    3.75{col 52}{space 3}0.000{col 60}{space 4} .1410073{col 73}{space 3} .4497315
{txt}{space 15}20  {c |}{col 20}{res}{space 2} .3479082{col 32}{space 2}  .085394{col 43}{space 1}    4.07{col 52}{space 3}0.000{col 60}{space 4}  .180539{col 73}{space 3} .5152773
{txt}{space 15}21  {c |}{col 20}{res}{space 2}  .400447{col 32}{space 2} .0923903{col 43}{space 1}    4.33{col 52}{space 3}0.000{col 60}{space 4} .2193654{col 73}{space 3} .5815286
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 84}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) addplot(hist vdem if e(sample), below percent bin(200) lcolor(black*0.5) fcolor(white) yaxis(2) yscale(off axis(2))) graphregion(color(white)) legend (off)    scheme(s1mono)  recastci(rline) recast(line)
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:vdem}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg intlcapital l.sanction_onset##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     2,418
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}        84

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.4786{col 63}{txt}min{col 67}={col 69}{res}         8
{txt}     Between = {res}0.2982{col 63}{txt}avg{col 67}={col 69}{res}      28.8
{txt}     Overall = {res}0.3029{col 63}{txt}max{col 67}={col 69}{res}        33

{txt}{col 49}F({res}41{txt}, {res}83{txt}){col 67}={col 70}{res}    17.33
{txt}corr(u_i, Xb) = {res}-0.6513{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:84} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               intlcapital{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.2743794{col 40}{space 2} .1017761{col 51}{space 1}   -2.70{col 60}{space 3}0.008{col 68}{space 4} -.476808{col 81}{space 3}-.0719509
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1000278{col 40}{space 2} .1064529{col 51}{space 1}   -0.94{col 60}{space 3}0.350{col 68}{space 4}-.3117584{col 81}{space 3} .1117028
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2} .2467359{col 40}{space 2} .1238284{col 51}{space 1}    1.99{col 60}{space 3}0.050{col 68}{space 4} .0004461{col 81}{space 3} .4930256
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2}-.5945759{col 40}{space 2} .4029771{col 51}{space 1}   -1.48{col 60}{space 3}0.144{col 68}{space 4}-1.396081{col 81}{space 3} .2069294
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2} .2784458{col 40}{space 2} .2263975{col 51}{space 1}    1.23{col 60}{space 3}0.222{col 68}{space 4}-.1718497{col 81}{space 3} .7287412
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} 1.191558{col 40}{space 2} .4657435{col 51}{space 1}    2.56{col 60}{space 3}0.012{col 68}{space 4} .2652133{col 81}{space 3} 2.117903
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .3579899{col 40}{space 2} .1382033{col 51}{space 1}    2.59{col 60}{space 3}0.011{col 68}{space 4}  .083109{col 81}{space 3} .6328707
{txt}{space 23}peg {c |}{col 28}{res}{space 2} .1221144{col 40}{space 2} .0669132{col 51}{space 1}    1.82{col 60}{space 3}0.072{col 68}{space 4}-.0109732{col 81}{space 3} .2552019
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0433795{col 40}{space 2} .0695113{col 51}{space 1}   -0.62{col 60}{space 3}0.534{col 68}{space 4}-.1816346{col 81}{space 3} .0948756
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1974  {c |}{col 28}{res}{space 2}-.0319904{col 40}{space 2} .0607412{col 51}{space 1}   -0.53{col 60}{space 3}0.600{col 68}{space 4}-.1528023{col 81}{space 3} .0888214
{txt}{space 21}1975  {c |}{col 28}{res}{space 2} .0356957{col 40}{space 2}  .078675{col 51}{space 1}    0.45{col 60}{space 3}0.651{col 68}{space 4}-.1207856{col 81}{space 3} .1921771
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .0120467{col 40}{space 2} .0839593{col 51}{space 1}    0.14{col 60}{space 3}0.886{col 68}{space 4} -.154945{col 81}{space 3} .1790384
{txt}{space 21}1977  {c |}{col 28}{res}{space 2}  .087241{col 40}{space 2} .1245805{col 51}{space 1}    0.70{col 60}{space 3}0.486{col 68}{space 4}-.1605447{col 81}{space 3} .3350266
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .0741377{col 40}{space 2} .1394483{col 51}{space 1}    0.53{col 60}{space 3}0.596{col 68}{space 4}-.2032193{col 81}{space 3} .3514947
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .1499908{col 40}{space 2} .1765788{col 51}{space 1}    0.85{col 60}{space 3}0.398{col 68}{space 4}-.2012173{col 81}{space 3} .5011988
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .1499105{col 40}{space 2} .2092602{col 51}{space 1}    0.72{col 60}{space 3}0.476{col 68}{space 4}-.2662997{col 81}{space 3} .5661207
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .2088612{col 40}{space 2} .2143783{col 51}{space 1}    0.97{col 60}{space 3}0.333{col 68}{space 4}-.2175286{col 81}{space 3}  .635251
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .1913646{col 40}{space 2}  .194958{col 51}{space 1}    0.98{col 60}{space 3}0.329{col 68}{space 4} -.196399{col 81}{space 3} .5791283
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .2121814{col 40}{space 2} .2068828{col 51}{space 1}    1.03{col 60}{space 3}0.308{col 68}{space 4}-.1993002{col 81}{space 3}  .623663
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .3135078{col 40}{space 2} .2066022{col 51}{space 1}    1.52{col 60}{space 3}0.133{col 68}{space 4}-.0974156{col 81}{space 3} .7244312
{txt}{space 21}1985  {c |}{col 28}{res}{space 2} .3749467{col 40}{space 2} .2248272{col 51}{space 1}    1.67{col 60}{space 3}0.099{col 68}{space 4}-.0722255{col 81}{space 3} .8221189
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .3581458{col 40}{space 2} .2355618{col 51}{space 1}    1.52{col 60}{space 3}0.132{col 68}{space 4}-.1103772{col 81}{space 3} .8266688
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .3140767{col 40}{space 2} .2542074{col 51}{space 1}    1.24{col 60}{space 3}0.220{col 68}{space 4}-.1915315{col 81}{space 3} .8196849
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .3304916{col 40}{space 2} .2625407{col 51}{space 1}    1.26{col 60}{space 3}0.212{col 68}{space 4}-.1916913{col 81}{space 3} .8526745
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .4994021{col 40}{space 2} .2520664{col 51}{space 1}    1.98{col 60}{space 3}0.051{col 68}{space 4}-.0019478{col 81}{space 3} 1.000752
{txt}{space 21}1990  {c |}{col 28}{res}{space 2} .5674934{col 40}{space 2}  .274053{col 51}{space 1}    2.07{col 60}{space 3}0.041{col 68}{space 4}  .022413{col 81}{space 3} 1.112574
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .7645958{col 40}{space 2} .2739226{col 51}{space 1}    2.79{col 60}{space 3}0.007{col 68}{space 4} .2197748{col 81}{space 3} 1.309417
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .8018353{col 40}{space 2} .2880153{col 51}{space 1}    2.78{col 60}{space 3}0.007{col 68}{space 4} .2289845{col 81}{space 3} 1.374686
{txt}{space 21}1993  {c |}{col 28}{res}{space 2}  1.03623{col 40}{space 2}  .288334{col 51}{space 1}    3.59{col 60}{space 3}0.001{col 68}{space 4} .4627451{col 81}{space 3} 1.609715
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.108115{col 40}{space 2} .2992549{col 51}{space 1}    3.70{col 60}{space 3}0.000{col 68}{space 4} .5129094{col 81}{space 3} 1.703321
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.092397{col 40}{space 2} .3272798{col 51}{space 1}    3.34{col 60}{space 3}0.001{col 68}{space 4} .4414505{col 81}{space 3} 1.743343
{txt}{space 21}1996  {c |}{col 28}{res}{space 2}  1.21462{col 40}{space 2}  .327538{col 51}{space 1}    3.71{col 60}{space 3}0.000{col 68}{space 4} .5631604{col 81}{space 3}  1.86608
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.287384{col 40}{space 2} .3396971{col 51}{space 1}    3.79{col 60}{space 3}0.000{col 68}{space 4} .6117401{col 81}{space 3} 1.963028
{txt}{space 21}1998  {c |}{col 28}{res}{space 2} 1.331276{col 40}{space 2}  .341021{col 51}{space 1}    3.90{col 60}{space 3}0.000{col 68}{space 4} .6529988{col 81}{space 3} 2.009553
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.344566{col 40}{space 2} .3372213{col 51}{space 1}    3.99{col 60}{space 3}0.000{col 68}{space 4} .6738468{col 81}{space 3} 2.015286
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.331238{col 40}{space 2} .3493979{col 51}{space 1}    3.81{col 60}{space 3}0.000{col 68}{space 4} .6362993{col 81}{space 3} 2.026176
{txt}{space 21}2001  {c |}{col 28}{res}{space 2}  1.36579{col 40}{space 2} .3576373{col 51}{space 1}    3.82{col 60}{space 3}0.000{col 68}{space 4} .6544637{col 81}{space 3} 2.077116
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.358271{col 40}{space 2}  .372575{col 51}{space 1}    3.65{col 60}{space 3}0.000{col 68}{space 4} .6172341{col 81}{space 3} 2.099307
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.241362{col 40}{space 2} .3932996{col 51}{space 1}    3.16{col 60}{space 3}0.002{col 68}{space 4} .4591045{col 81}{space 3} 2.023619
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.176161{col 40}{space 2}   .42006{col 51}{space 1}    2.80{col 60}{space 3}0.006{col 68}{space 4} .3406782{col 81}{space 3} 2.011643
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.129114{col 40}{space 2} .4384033{col 51}{space 1}    2.58{col 60}{space 3}0.012{col 68}{space 4} .2571474{col 81}{space 3} 2.001081
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .9731848{col 40}{space 2} 2.466645{col 51}{space 1}    0.39{col 60}{space 3}0.694{col 68}{space 4}-3.932874{col 81}{space 3} 5.879243
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} .93862914
                   {txt}sigma_e {c |} {res} .61644506
                       {txt}rho {c |} {res} .69865526{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. xtreg intlcapital l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     2,432
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}        85

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.4695{col 63}{txt}min{col 67}={col 69}{res}         8
{txt}     Between = {res}0.3190{col 63}{txt}avg{col 67}={col 69}{res}      28.6
{txt}     Overall = {res}0.3375{col 63}{txt}max{col 67}={col 69}{res}        33

{txt}{col 49}F({res}41{txt}, {res}84{txt}){col 67}={col 70}{res}    16.46
{txt}corr(u_i, Xb) = {res}-0.5143{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:85} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            intlcapital{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.2861442{col 37}{space 2} .1218221{col 48}{space 1}   -2.35{col 57}{space 3}0.021{col 65}{space 4}-.5284009{col 78}{space 3}-.0438875
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2459228{col 37}{space 2} .2541602{col 48}{space 1}   -0.97{col 57}{space 3}0.336{col 65}{space 4}-.7513483{col 78}{space 3} .2595027
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .2927164{col 37}{space 2} .1936191{col 48}{space 1}    1.51{col 57}{space 3}0.134{col 65}{space 4}-.0923164{col 78}{space 3} .6777492
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-.4313075{col 37}{space 2} .4356594{col 48}{space 1}   -0.99{col 57}{space 3}0.325{col 65}{space 4}-1.297664{col 78}{space 3} .4350489
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2843937{col 37}{space 2} .2295335{col 48}{space 1}    1.24{col 57}{space 3}0.219{col 65}{space 4}-.1720589{col 78}{space 3} .7408463
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} 1.226327{col 37}{space 2} .4778158{col 48}{space 1}    2.57{col 57}{space 3}0.012{col 65}{space 4} .2761379{col 78}{space 3} 2.176516
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .3652055{col 37}{space 2} .1384084{col 48}{space 1}    2.64{col 57}{space 3}0.010{col 65}{space 4} .0899652{col 78}{space 3} .6404458
{txt}{space 20}peg {c |}{col 25}{res}{space 2} .1240261{col 37}{space 2} .0666676{col 48}{space 1}    1.86{col 57}{space 3}0.066{col 65}{space 4}-.0085497{col 78}{space 3} .2566019
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0407441{col 37}{space 2} .0695336{col 48}{space 1}   -0.59{col 57}{space 3}0.559{col 65}{space 4}-.1790193{col 78}{space 3}  .097531
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1974  {c |}{col 25}{res}{space 2}-.0226764{col 37}{space 2} .0608181{col 48}{space 1}   -0.37{col 57}{space 3}0.710{col 65}{space 4}  -.14362{col 78}{space 3} .0982671
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .0462502{col 37}{space 2} .0767935{col 48}{space 1}    0.60{col 57}{space 3}0.549{col 65}{space 4} -.106462{col 78}{space 3} .1989624
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .0149836{col 37}{space 2} .0820296{col 48}{space 1}    0.18{col 57}{space 3}0.856{col 65}{space 4}-.1481414{col 78}{space 3} .1781085
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .0812864{col 37}{space 2} .1228549{col 48}{space 1}    0.66{col 57}{space 3}0.510{col 65}{space 4}-.1630241{col 78}{space 3}  .325597
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .0734281{col 37}{space 2} .1386375{col 48}{space 1}    0.53{col 57}{space 3}0.598{col 65}{space 4}-.2022679{col 78}{space 3}  .349124
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .1428005{col 37}{space 2} .1749634{col 48}{space 1}    0.82{col 57}{space 3}0.417{col 65}{space 4}-.2051334{col 78}{space 3} .4907345
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .1434299{col 37}{space 2} .2067295{col 48}{space 1}    0.69{col 57}{space 3}0.490{col 65}{space 4}-.2676745{col 78}{space 3} .5545342
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .1970642{col 37}{space 2}  .211458{col 48}{space 1}    0.93{col 57}{space 3}0.354{col 65}{space 4}-.2234432{col 78}{space 3} .6175716
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .1768319{col 37}{space 2} .1931407{col 48}{space 1}    0.92{col 57}{space 3}0.363{col 65}{space 4}-.2072496{col 78}{space 3} .5609134
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .1950603{col 37}{space 2} .2047309{col 48}{space 1}    0.95{col 57}{space 3}0.343{col 65}{space 4}-.2120695{col 78}{space 3} .6021901
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .2886967{col 37}{space 2} .2068952{col 48}{space 1}    1.40{col 57}{space 3}0.167{col 65}{space 4}-.1227371{col 78}{space 3} .7001305
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .3485496{col 37}{space 2} .2249528{col 48}{space 1}    1.55{col 57}{space 3}0.125{col 65}{space 4}-.0987937{col 78}{space 3} .7958929
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .3294837{col 37}{space 2} .2366327{col 48}{space 1}    1.39{col 57}{space 3}0.167{col 65}{space 4}-.1410864{col 78}{space 3} .8000539
{txt}{space 18}1987  {c |}{col 25}{res}{space 2}  .284048{col 37}{space 2} .2551145{col 48}{space 1}    1.11{col 57}{space 3}0.269{col 65}{space 4}-.2232751{col 78}{space 3} .7913711
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .2974674{col 37}{space 2} .2636397{col 48}{space 1}    1.13{col 57}{space 3}0.262{col 65}{space 4}-.2268091{col 78}{space 3} .8217438
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .4653976{col 37}{space 2} .2541596{col 48}{space 1}    1.83{col 57}{space 3}0.071{col 65}{space 4}-.0400266{col 78}{space 3} .9708218
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .5255434{col 37}{space 2} .2757752{col 48}{space 1}    1.91{col 57}{space 3}0.060{col 65}{space 4}-.0228658{col 78}{space 3} 1.073953
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .7215707{col 37}{space 2} .2773567{col 48}{space 1}    2.60{col 57}{space 3}0.011{col 65}{space 4} .1700165{col 78}{space 3} 1.273125
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .7545579{col 37}{space 2} .2922181{col 48}{space 1}    2.58{col 57}{space 3}0.012{col 65}{space 4} .1734503{col 78}{space 3} 1.335666
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} .9808861{col 37}{space 2} .2933899{col 48}{space 1}    3.34{col 57}{space 3}0.001{col 65}{space 4} .3974481{col 78}{space 3} 1.564324
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.054225{col 37}{space 2} .3050666{col 48}{space 1}    3.46{col 57}{space 3}0.001{col 65}{space 4} .4475662{col 78}{space 3} 1.660883
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.038509{col 37}{space 2} .3335808{col 48}{space 1}    3.11{col 57}{space 3}0.003{col 65}{space 4} .3751466{col 78}{space 3} 1.701871
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.158794{col 37}{space 2} .3347824{col 48}{space 1}    3.46{col 57}{space 3}0.001{col 65}{space 4} .4930421{col 78}{space 3} 1.824545
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.225212{col 37}{space 2} .3470756{col 48}{space 1}    3.53{col 57}{space 3}0.001{col 65}{space 4} .5350142{col 78}{space 3}  1.91541
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.267068{col 37}{space 2} .3491549{col 48}{space 1}    3.63{col 57}{space 3}0.000{col 65}{space 4} .5727356{col 78}{space 3} 1.961401
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.275146{col 37}{space 2}  .346621{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .5858522{col 78}{space 3}  1.96444
{txt}{space 18}2000  {c |}{col 25}{res}{space 2}  1.25749{col 37}{space 2} .3590021{col 48}{space 1}    3.50{col 57}{space 3}0.001{col 65}{space 4} .5435746{col 78}{space 3} 1.971405
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.293494{col 37}{space 2} .3680445{col 48}{space 1}    3.51{col 57}{space 3}0.001{col 65}{space 4} .5615968{col 78}{space 3}  2.02539
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 1.283171{col 37}{space 2} .3833306{col 48}{space 1}    3.35{col 57}{space 3}0.001{col 65}{space 4} .5208764{col 78}{space 3} 2.045466
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 1.162027{col 37}{space 2} .4040563{col 48}{space 1}    2.88{col 57}{space 3}0.005{col 65}{space 4} .3585166{col 78}{space 3} 1.965537
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 1.095693{col 37}{space 2} .4300525{col 48}{space 1}    2.55{col 57}{space 3}0.013{col 65}{space 4} .2404864{col 78}{space 3}   1.9509
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 1.045181{col 37}{space 2}  .448077{col 48}{space 1}    2.33{col 57}{space 3}0.022{col 65}{space 4} .1541308{col 78}{space 3} 1.936231
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .5985781{col 37}{space 2} 2.574055{col 48}{space 1}    0.23{col 57}{space 3}0.817{col 65}{space 4}-4.520213{col 78}{space 3} 5.717369
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} .78280632
                {txt}sigma_e {c |} {res} .61940837
                    {txt}rho {c |} {res} .61496735{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg intlcapital l.sanction_onset##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     2,432
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}        85

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.4695{col 63}{txt}min{col 67}={col 69}{res}         8
{txt}     Between = {res}0.3190{col 63}{txt}avg{col 67}={col 69}{res}      28.6
{txt}     Overall = {res}0.3375{col 63}{txt}max{col 67}={col 69}{res}        33

{txt}{col 49}F({res}41{txt}, {res}84{txt}){col 67}={col 70}{res}    16.46
{txt}corr(u_i, Xb) = {res}-0.5143{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:85} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            intlcapital{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.2861442{col 37}{space 2} .1218221{col 48}{space 1}   -2.35{col 57}{space 3}0.021{col 65}{space 4}-.5284009{col 78}{space 3}-.0438875
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2459228{col 37}{space 2} .2541602{col 48}{space 1}   -0.97{col 57}{space 3}0.336{col 65}{space 4}-.7513483{col 78}{space 3} .2595027
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .2927164{col 37}{space 2} .1936191{col 48}{space 1}    1.51{col 57}{space 3}0.134{col 65}{space 4}-.0923164{col 78}{space 3} .6777492
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-.4313075{col 37}{space 2} .4356594{col 48}{space 1}   -0.99{col 57}{space 3}0.325{col 65}{space 4}-1.297664{col 78}{space 3} .4350489
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2843937{col 37}{space 2} .2295335{col 48}{space 1}    1.24{col 57}{space 3}0.219{col 65}{space 4}-.1720589{col 78}{space 3} .7408463
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} 1.226327{col 37}{space 2} .4778158{col 48}{space 1}    2.57{col 57}{space 3}0.012{col 65}{space 4} .2761379{col 78}{space 3} 2.176516
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .3652055{col 37}{space 2} .1384084{col 48}{space 1}    2.64{col 57}{space 3}0.010{col 65}{space 4} .0899652{col 78}{space 3} .6404458
{txt}{space 20}peg {c |}{col 25}{res}{space 2} .1240261{col 37}{space 2} .0666676{col 48}{space 1}    1.86{col 57}{space 3}0.066{col 65}{space 4}-.0085497{col 78}{space 3} .2566019
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0407441{col 37}{space 2} .0695336{col 48}{space 1}   -0.59{col 57}{space 3}0.559{col 65}{space 4}-.1790193{col 78}{space 3}  .097531
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1974  {c |}{col 25}{res}{space 2}-.0226764{col 37}{space 2} .0608181{col 48}{space 1}   -0.37{col 57}{space 3}0.710{col 65}{space 4}  -.14362{col 78}{space 3} .0982671
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .0462502{col 37}{space 2} .0767935{col 48}{space 1}    0.60{col 57}{space 3}0.549{col 65}{space 4} -.106462{col 78}{space 3} .1989624
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .0149836{col 37}{space 2} .0820296{col 48}{space 1}    0.18{col 57}{space 3}0.856{col 65}{space 4}-.1481414{col 78}{space 3} .1781085
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .0812864{col 37}{space 2} .1228549{col 48}{space 1}    0.66{col 57}{space 3}0.510{col 65}{space 4}-.1630241{col 78}{space 3}  .325597
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .0734281{col 37}{space 2} .1386375{col 48}{space 1}    0.53{col 57}{space 3}0.598{col 65}{space 4}-.2022679{col 78}{space 3}  .349124
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .1428005{col 37}{space 2} .1749634{col 48}{space 1}    0.82{col 57}{space 3}0.417{col 65}{space 4}-.2051334{col 78}{space 3} .4907345
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .1434299{col 37}{space 2} .2067295{col 48}{space 1}    0.69{col 57}{space 3}0.490{col 65}{space 4}-.2676745{col 78}{space 3} .5545342
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .1970642{col 37}{space 2}  .211458{col 48}{space 1}    0.93{col 57}{space 3}0.354{col 65}{space 4}-.2234432{col 78}{space 3} .6175716
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .1768319{col 37}{space 2} .1931407{col 48}{space 1}    0.92{col 57}{space 3}0.363{col 65}{space 4}-.2072496{col 78}{space 3} .5609134
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .1950603{col 37}{space 2} .2047309{col 48}{space 1}    0.95{col 57}{space 3}0.343{col 65}{space 4}-.2120695{col 78}{space 3} .6021901
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .2886967{col 37}{space 2} .2068952{col 48}{space 1}    1.40{col 57}{space 3}0.167{col 65}{space 4}-.1227371{col 78}{space 3} .7001305
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .3485496{col 37}{space 2} .2249528{col 48}{space 1}    1.55{col 57}{space 3}0.125{col 65}{space 4}-.0987937{col 78}{space 3} .7958929
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .3294837{col 37}{space 2} .2366327{col 48}{space 1}    1.39{col 57}{space 3}0.167{col 65}{space 4}-.1410864{col 78}{space 3} .8000539
{txt}{space 18}1987  {c |}{col 25}{res}{space 2}  .284048{col 37}{space 2} .2551145{col 48}{space 1}    1.11{col 57}{space 3}0.269{col 65}{space 4}-.2232751{col 78}{space 3} .7913711
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .2974674{col 37}{space 2} .2636397{col 48}{space 1}    1.13{col 57}{space 3}0.262{col 65}{space 4}-.2268091{col 78}{space 3} .8217438
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .4653976{col 37}{space 2} .2541596{col 48}{space 1}    1.83{col 57}{space 3}0.071{col 65}{space 4}-.0400266{col 78}{space 3} .9708218
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .5255434{col 37}{space 2} .2757752{col 48}{space 1}    1.91{col 57}{space 3}0.060{col 65}{space 4}-.0228658{col 78}{space 3} 1.073953
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .7215707{col 37}{space 2} .2773567{col 48}{space 1}    2.60{col 57}{space 3}0.011{col 65}{space 4} .1700165{col 78}{space 3} 1.273125
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .7545579{col 37}{space 2} .2922181{col 48}{space 1}    2.58{col 57}{space 3}0.012{col 65}{space 4} .1734503{col 78}{space 3} 1.335666
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} .9808861{col 37}{space 2} .2933899{col 48}{space 1}    3.34{col 57}{space 3}0.001{col 65}{space 4} .3974481{col 78}{space 3} 1.564324
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.054225{col 37}{space 2} .3050666{col 48}{space 1}    3.46{col 57}{space 3}0.001{col 65}{space 4} .4475662{col 78}{space 3} 1.660883
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.038509{col 37}{space 2} .3335808{col 48}{space 1}    3.11{col 57}{space 3}0.003{col 65}{space 4} .3751466{col 78}{space 3} 1.701871
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.158794{col 37}{space 2} .3347824{col 48}{space 1}    3.46{col 57}{space 3}0.001{col 65}{space 4} .4930421{col 78}{space 3} 1.824545
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.225212{col 37}{space 2} .3470756{col 48}{space 1}    3.53{col 57}{space 3}0.001{col 65}{space 4} .5350142{col 78}{space 3}  1.91541
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.267068{col 37}{space 2} .3491549{col 48}{space 1}    3.63{col 57}{space 3}0.000{col 65}{space 4} .5727356{col 78}{space 3} 1.961401
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.275146{col 37}{space 2}  .346621{col 48}{space 1}    3.68{col 57}{space 3}0.000{col 65}{space 4} .5858522{col 78}{space 3}  1.96444
{txt}{space 18}2000  {c |}{col 25}{res}{space 2}  1.25749{col 37}{space 2} .3590021{col 48}{space 1}    3.50{col 57}{space 3}0.001{col 65}{space 4} .5435746{col 78}{space 3} 1.971405
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.293494{col 37}{space 2} .3680445{col 48}{space 1}    3.51{col 57}{space 3}0.001{col 65}{space 4} .5615968{col 78}{space 3}  2.02539
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 1.283171{col 37}{space 2} .3833306{col 48}{space 1}    3.35{col 57}{space 3}0.001{col 65}{space 4} .5208764{col 78}{space 3} 2.045466
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 1.162027{col 37}{space 2} .4040563{col 48}{space 1}    2.88{col 57}{space 3}0.005{col 65}{space 4} .3585166{col 78}{space 3} 1.965537
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 1.095693{col 37}{space 2} .4300525{col 48}{space 1}    2.55{col 57}{space 3}0.013{col 65}{space 4} .2404864{col 78}{space 3}   1.9509
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 1.045181{col 37}{space 2}  .448077{col 48}{space 1}    2.33{col 57}{space 3}0.022{col 65}{space 4} .1541308{col 78}{space 3} 1.936231
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .5985781{col 37}{space 2} 2.574055{col 48}{space 1}    0.23{col 57}{space 3}0.817{col 65}{space 4}-4.520213{col 78}{space 3} 5.717369
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} .78280632
                {txt}sigma_e {c |} {res} .61940837
                    {txt}rho {c |} {res} .61496735{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. margins, dydx(l.sanction_onset) at(vdem=(0 (.05) 1))
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:2,432}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.sanction_onset}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:0}}
{lalign 8:2._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.05}}
{lalign 8:3._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.1}}
{lalign 8:4._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.15}}
{lalign 8:5._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.2}}
{lalign 8:6._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.25}}
{lalign 8:7._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.3}}
{lalign 8:8._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.35}}
{lalign 8:9._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.4}}
{lalign 8:10._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.45}}
{lalign 8:11._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.5}}
{lalign 8:12._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.55}}
{lalign 8:13._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.6}}
{lalign 8:14._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.65}}
{lalign 8:15._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.7}}
{lalign 8:16._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.75}}
{lalign 8:17._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.8}}
{lalign 8:18._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.85}}
{lalign 8:19._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.9}}
{lalign 8:20._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.95}}
{lalign 8:21._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:1}}

{res}{txt}{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32} Delta-method
{col 20}{c |}      dy/dx{col 32}   std. err.{col 44}      z{col 52}   P>|z|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.sanction_onset {col 20}{txt}{c |}  (base outcome)
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.sanction_onset  {txt}{c |}
{space 15}_at {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.2861442{col 32}{space 2} .1218221{col 43}{space 1}   -2.35{col 52}{space 3}0.019{col 60}{space 4}-.5249112{col 73}{space 3}-.0473772
{txt}{space 16}2  {c |}{col 20}{res}{space 2}-.2715084{col 32}{space 2} .1130697{col 43}{space 1}   -2.40{col 52}{space 3}0.016{col 60}{space 4} -.493121{col 73}{space 3}-.0498957
{txt}{space 16}3  {c |}{col 20}{res}{space 2}-.2568725{col 32}{space 2} .1044813{col 43}{space 1}   -2.46{col 52}{space 3}0.014{col 60}{space 4}-.4616521{col 73}{space 3} -.052093
{txt}{space 16}4  {c |}{col 20}{res}{space 2}-.2422367{col 32}{space 2} .0961008{col 43}{space 1}   -2.52{col 52}{space 3}0.012{col 60}{space 4}-.4305908{col 73}{space 3}-.0538827
{txt}{space 16}5  {c |}{col 20}{res}{space 2}-.2276009{col 32}{space 2} .0879876{col 43}{space 1}   -2.59{col 52}{space 3}0.010{col 60}{space 4}-.4000534{col 73}{space 3}-.0551484
{txt}{space 16}6  {c |}{col 20}{res}{space 2}-.2129651{col 32}{space 2} .0802229{col 43}{space 1}   -2.65{col 52}{space 3}0.008{col 60}{space 4}-.3701991{col 73}{space 3} -.055731
{txt}{space 16}7  {c |}{col 20}{res}{space 2}-.1983293{col 32}{space 2} .0729182{col 43}{space 1}   -2.72{col 52}{space 3}0.007{col 60}{space 4}-.3412463{col 73}{space 3}-.0554122
{txt}{space 16}8  {c |}{col 20}{res}{space 2}-.1836934{col 32}{space 2} .0662257{col 43}{space 1}   -2.77{col 52}{space 3}0.006{col 60}{space 4}-.3134935{col 73}{space 3}-.0538934
{txt}{space 16}9  {c |}{col 20}{res}{space 2}-.1690576{col 32}{space 2} .0603496{col 43}{space 1}   -2.80{col 52}{space 3}0.005{col 60}{space 4}-.2873406{col 73}{space 3}-.0507746
{txt}{space 15}10  {c |}{col 20}{res}{space 2}-.1544218{col 32}{space 2} .0555494{col 43}{space 1}   -2.78{col 52}{space 3}0.005{col 60}{space 4}-.2632967{col 73}{space 3}-.0455469
{txt}{space 15}11  {c |}{col 20}{res}{space 2} -.139786{col 32}{space 2} .0521234{col 43}{space 1}   -2.68{col 52}{space 3}0.007{col 60}{space 4} -.241946{col 73}{space 3} -.037626
{txt}{space 15}12  {c |}{col 20}{res}{space 2}-.1251502{col 32}{space 2} .0503528{col 43}{space 1}   -2.49{col 52}{space 3}0.013{col 60}{space 4}-.2238398{col 73}{space 3}-.0264605
{txt}{space 15}13  {c |}{col 20}{res}{space 2}-.1105143{col 32}{space 2} .0504123{col 43}{space 1}   -2.19{col 52}{space 3}0.028{col 60}{space 4}-.2093205{col 73}{space 3}-.0117081
{txt}{space 15}14  {c |}{col 20}{res}{space 2}-.0958785{col 32}{space 2} .0522956{col 43}{space 1}   -1.83{col 52}{space 3}0.067{col 60}{space 4} -.198376{col 73}{space 3}  .006619
{txt}{space 15}15  {c |}{col 20}{res}{space 2}-.0812427{col 32}{space 2} .0558185{col 43}{space 1}   -1.46{col 52}{space 3}0.146{col 60}{space 4} -.190645{col 73}{space 3} .0281596
{txt}{space 15}16  {c |}{col 20}{res}{space 2}-.0666069{col 32}{space 2} .0606962{col 43}{space 1}   -1.10{col 52}{space 3}0.272{col 60}{space 4}-.1855692{col 73}{space 3} .0523554
{txt}{space 15}17  {c |}{col 20}{res}{space 2}-.0519711{col 32}{space 2} .0666317{col 43}{space 1}   -0.78{col 52}{space 3}0.435{col 60}{space 4}-.1825668{col 73}{space 3} .0786247
{txt}{space 15}18  {c |}{col 20}{res}{space 2}-.0373352{col 32}{space 2} .0733689{col 43}{space 1}   -0.51{col 52}{space 3}0.611{col 60}{space 4}-.1811356{col 73}{space 3} .1064651
{txt}{space 15}19  {c |}{col 20}{res}{space 2}-.0226994{col 32}{space 2} .0807071{col 43}{space 1}   -0.28{col 52}{space 3}0.779{col 60}{space 4}-.1808824{col 73}{space 3} .1354835
{txt}{space 15}20  {c |}{col 20}{res}{space 2}-.0080636{col 32}{space 2}  .088497{col 43}{space 1}   -0.09{col 52}{space 3}0.927{col 60}{space 4}-.1815145{col 73}{space 3} .1653873
{txt}{space 15}21  {c |}{col 20}{res}{space 2} .0065722{col 32}{space 2} .0966294{col 43}{space 1}    0.07{col 52}{space 3}0.946{col 60}{space 4} -.182818{col 73}{space 3} .1959624
{txt}{hline 19}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 84}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) graphregion(color(white)) legend (off)    scheme(s1mono)  recastci(rline) recast(line)
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:vdem}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls targ_mid targ_civ_war i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,120
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       141

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2565{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0648{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0394{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}46{txt}, {res}140{txt}){col 67}={col 70}{res}     6.92
{txt}corr(u_i, Xb) = {res}-0.9247{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:141} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5903189{col 37}{space 2} .1329446{col 48}{space 1}   -4.44{col 57}{space 3}0.000{col 65}{space 4}-.8531574{col 78}{space 3}-.3274804
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2790005{col 37}{space 2} .3254185{col 48}{space 1}   -0.86{col 57}{space 3}0.393{col 65}{space 4}-.9223704{col 78}{space 3} .3643694
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8904348{col 37}{space 2} .2430187{col 48}{space 1}    3.66{col 57}{space 3}0.000{col 65}{space 4} .4099738{col 78}{space 3} 1.370896
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.924887{col 37}{space 2} .4573598{col 48}{space 1}   -4.21{col 57}{space 3}0.000{col 65}{space 4}-2.829112{col 78}{space 3}-1.020662
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2099683{col 37}{space 2} .2210169{col 48}{space 1}    0.95{col 57}{space 3}0.344{col 65}{space 4}-.2269939{col 78}{space 3} .6469306
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .3831897{col 37}{space 2} .2523049{col 48}{space 1}    1.52{col 57}{space 3}0.131{col 65}{space 4}-.1156308{col 78}{space 3} .8820101
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0879714{col 37}{space 2} .1434014{col 48}{space 1}    0.61{col 57}{space 3}0.541{col 65}{space 4}-.1955409{col 78}{space 3} .3714837
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.0881858{col 37}{space 2} .0951846{col 48}{space 1}   -0.93{col 57}{space 3}0.356{col 65}{space 4} -.276371{col 78}{space 3} .0999993
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0720728{col 37}{space 2} .0732727{col 48}{space 1}   -0.98{col 57}{space 3}0.327{col 65}{space 4}-.2169368{col 78}{space 3} .0727913
{txt}{space 15}targ_mid {c |}{col 25}{res}{space 2}-.0701967{col 37}{space 2} .0556562{col 48}{space 1}   -1.26{col 57}{space 3}0.209{col 65}{space 4}-.1802321{col 78}{space 3} .0398387
{txt}{space 11}targ_civ_war {c |}{col 25}{res}{space 2}-.2018855{col 37}{space 2} .1782708{col 48}{space 1}   -1.13{col 57}{space 3}0.259{col 65}{space 4}-.5543365{col 78}{space 3} .1505655
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2} .1196352{col 37}{space 2}  .060619{col 48}{space 1}    1.97{col 57}{space 3}0.050{col 65}{space 4}-.0002118{col 78}{space 3} .2394822
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1381097{col 37}{space 2} .0722627{col 48}{space 1}    1.91{col 57}{space 3}0.058{col 65}{space 4}-.0047575{col 78}{space 3} .2809769
{txt}{space 18}1973  {c |}{col 25}{res}{space 2} .2411216{col 37}{space 2} .0888579{col 48}{space 1}    2.71{col 57}{space 3}0.007{col 65}{space 4} .0654448{col 78}{space 3} .4167985
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2704247{col 37}{space 2} .1288379{col 48}{space 1}    2.10{col 57}{space 3}0.038{col 65}{space 4} .0157052{col 78}{space 3} .5251443
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3308401{col 37}{space 2} .1304172{col 48}{space 1}    2.54{col 57}{space 3}0.012{col 65}{space 4} .0729983{col 78}{space 3} .5886819
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .3127505{col 37}{space 2} .1374176{col 48}{space 1}    2.28{col 57}{space 3}0.024{col 65}{space 4} .0410685{col 78}{space 3} .5844325
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3777176{col 37}{space 2} .1513699{col 48}{space 1}    2.50{col 57}{space 3}0.014{col 65}{space 4} .0784512{col 78}{space 3} .6769841
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4761271{col 37}{space 2} .1658655{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4}  .148202{col 78}{space 3} .8040521
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4933206{col 37}{space 2} .1899432{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .1177928{col 78}{space 3} .8688484
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .5317911{col 37}{space 2} .2116581{col 48}{space 1}    2.51{col 57}{space 3}0.013{col 65}{space 4} .1133317{col 78}{space 3} .9502506
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4880653{col 37}{space 2} .2165835{col 48}{space 1}    2.25{col 57}{space 3}0.026{col 65}{space 4} .0598681{col 78}{space 3} .9162625
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .4758897{col 37}{space 2} .2023332{col 48}{space 1}    2.35{col 57}{space 3}0.020{col 65}{space 4} .0758661{col 78}{space 3} .8759134
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .5073375{col 37}{space 2} .2020719{col 48}{space 1}    2.51{col 57}{space 3}0.013{col 65}{space 4} .1078306{col 78}{space 3} .9068444
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .5685718{col 37}{space 2} .2183374{col 48}{space 1}    2.60{col 57}{space 3}0.010{col 65}{space 4} .1369071{col 78}{space 3} 1.000237
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .6379723{col 37}{space 2} .2223454{col 48}{space 1}    2.87{col 57}{space 3}0.005{col 65}{space 4} .1983834{col 78}{space 3} 1.077561
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .7004879{col 37}{space 2} .2211102{col 48}{space 1}    3.17{col 57}{space 3}0.002{col 65}{space 4} .2633411{col 78}{space 3} 1.137635
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .7238117{col 37}{space 2} .2324873{col 48}{space 1}    3.11{col 57}{space 3}0.002{col 65}{space 4} .2641718{col 78}{space 3} 1.183451
{txt}{space 18}1988  {c |}{col 25}{res}{space 2}  .817671{col 37}{space 2}  .246769{col 48}{space 1}    3.31{col 57}{space 3}0.001{col 65}{space 4} .3297954{col 78}{space 3} 1.305547
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .8657235{col 37}{space 2} .2573297{col 48}{space 1}    3.36{col 57}{space 3}0.001{col 65}{space 4} .3569689{col 78}{space 3} 1.374478
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .9455071{col 37}{space 2} .2761088{col 48}{space 1}    3.42{col 57}{space 3}0.001{col 65}{space 4} .3996251{col 78}{space 3} 1.491389
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} 1.069763{col 37}{space 2} .2810636{col 48}{space 1}    3.81{col 57}{space 3}0.000{col 65}{space 4} .5140851{col 78}{space 3} 1.625441
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.177616{col 37}{space 2} .2901121{col 48}{space 1}    4.06{col 57}{space 3}0.000{col 65}{space 4} .6040487{col 78}{space 3} 1.751183
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.463077{col 37}{space 2}  .302644{col 48}{space 1}    4.83{col 57}{space 3}0.000{col 65}{space 4} .8647334{col 78}{space 3}  2.06142
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.625015{col 37}{space 2} .3098826{col 48}{space 1}    5.24{col 57}{space 3}0.000{col 65}{space 4} 1.012361{col 78}{space 3}  2.23767
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.804704{col 37}{space 2} .3209061{col 48}{space 1}    5.62{col 57}{space 3}0.000{col 65}{space 4} 1.170255{col 78}{space 3} 2.439152
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.792925{col 37}{space 2} .3576558{col 48}{space 1}    5.01{col 57}{space 3}0.000{col 65}{space 4}  1.08582{col 78}{space 3} 2.500029
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.870217{col 37}{space 2} .3532034{col 48}{space 1}    5.30{col 57}{space 3}0.000{col 65}{space 4} 1.171914{col 78}{space 3} 2.568519
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.927012{col 37}{space 2}  .359762{col 48}{space 1}    5.36{col 57}{space 3}0.000{col 65}{space 4} 1.215743{col 78}{space 3}  2.63828
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 2.007219{col 37}{space 2} .3653075{col 48}{space 1}    5.49{col 57}{space 3}0.000{col 65}{space 4} 1.284986{col 78}{space 3} 2.729451
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 2.027464{col 37}{space 2} .3707338{col 48}{space 1}    5.47{col 57}{space 3}0.000{col 65}{space 4} 1.294503{col 78}{space 3} 2.760424
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 2.109093{col 37}{space 2} .3774764{col 48}{space 1}    5.59{col 57}{space 3}0.000{col 65}{space 4} 1.362802{col 78}{space 3} 2.855384
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.163654{col 37}{space 2} .3846785{col 48}{space 1}    5.62{col 57}{space 3}0.000{col 65}{space 4} 1.403124{col 78}{space 3} 2.924184
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.250089{col 37}{space 2} .3956288{col 48}{space 1}    5.69{col 57}{space 3}0.000{col 65}{space 4}  1.46791{col 78}{space 3} 3.032269
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.316345{col 37}{space 2} .4112973{col 48}{space 1}    5.63{col 57}{space 3}0.000{col 65}{space 4} 1.503188{col 78}{space 3} 3.129502
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.238546{col 37}{space 2} .4239497{col 48}{space 1}    5.28{col 57}{space 3}0.000{col 65}{space 4} 1.400374{col 78}{space 3} 3.076717
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} 1.443195{col 37}{space 2} 2.476196{col 48}{space 1}    0.58{col 57}{space 3}0.561{col 65}{space 4}-3.452377{col 78}{space 3} 6.338767
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} 3.1776511
                {txt}sigma_e {c |} {res} .83494194
                    {txt}rho {c |} {res} .93541878{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls institution i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2357{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0586{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0364{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}45{txt}, {res}144{txt}){col 67}={col 70}{res}     5.42
{txt}corr(u_i, Xb) = {res}-0.9125{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5713971{col 37}{space 2} .1293951{col 48}{space 1}   -4.42{col 57}{space 3}0.000{col 65}{space 4}-.8271561{col 78}{space 3} -.315638
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.2284942{col 37}{space 2}  .323236{col 48}{space 1}   -0.71{col 57}{space 3}0.481{col 65}{space 4}-.8673945{col 78}{space 3}  .410406
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .8766599{col 37}{space 2} .2376485{col 48}{space 1}    3.69{col 57}{space 3}0.000{col 65}{space 4} .4069298{col 78}{space 3}  1.34639
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2} -1.72697{col 37}{space 2} .4615481{col 48}{space 1}   -3.74{col 57}{space 3}0.000{col 65}{space 4}-2.639254{col 78}{space 3}-.8146852
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2457759{col 37}{space 2} .2155405{col 48}{space 1}    1.14{col 57}{space 3}0.256{col 65}{space 4} -.180256{col 78}{space 3} .6718078
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4734489{col 37}{space 2} .2571052{col 48}{space 1}    1.84{col 57}{space 3}0.068{col 65}{space 4}-.0347389{col 78}{space 3} .9816367
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0639892{col 37}{space 2} .1381831{col 48}{space 1}    0.46{col 57}{space 3}0.644{col 65}{space 4}  -.20914{col 78}{space 3} .3371185
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.1012776{col 37}{space 2} .0953258{col 48}{space 1}   -1.06{col 57}{space 3}0.290{col 65}{space 4}-.2896961{col 78}{space 3}  .087141
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0423745{col 37}{space 2} .0768631{col 48}{space 1}   -0.55{col 57}{space 3}0.582{col 65}{space 4}-.1943001{col 78}{space 3} .1095512
{txt}{space 12}institution {c |}{col 25}{res}{space 2}-.1752267{col 37}{space 2} .0807038{col 48}{space 1}   -2.17{col 57}{space 3}0.032{col 65}{space 4}-.3347438{col 78}{space 3}-.0157096
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2}  .111218{col 37}{space 2}  .059359{col 48}{space 1}    1.87{col 57}{space 3}0.063{col 65}{space 4}-.0061094{col 78}{space 3} .2285454
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1282575{col 37}{space 2} .0698422{col 48}{space 1}    1.84{col 57}{space 3}0.068{col 65}{space 4}-.0097909{col 78}{space 3} .2663059
{txt}{space 18}1973  {c |}{col 25}{res}{space 2} .2374386{col 37}{space 2}  .087233{col 48}{space 1}    2.72{col 57}{space 3}0.007{col 65}{space 4}  .065016{col 78}{space 3} .4098612
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2663771{col 37}{space 2} .1265927{col 48}{space 1}    2.10{col 57}{space 3}0.037{col 65}{space 4} .0161572{col 78}{space 3} .5165971
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3119685{col 37}{space 2} .1281908{col 48}{space 1}    2.43{col 57}{space 3}0.016{col 65}{space 4} .0585897{col 78}{space 3} .5653473
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2877542{col 37}{space 2} .1350254{col 48}{space 1}    2.13{col 57}{space 3}0.035{col 65}{space 4} .0208664{col 78}{space 3} .5546419
{txt}{space 18}1977  {c |}{col 25}{res}{space 2}  .359967{col 37}{space 2} .1501863{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0631125{col 78}{space 3} .6568215
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4536759{col 37}{space 2} .1669121{col 48}{space 1}    2.72{col 57}{space 3}0.007{col 65}{space 4} .1237617{col 78}{space 3} .7835901
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4657599{col 37}{space 2} .1905621{col 48}{space 1}    2.44{col 57}{space 3}0.016{col 65}{space 4} .0890997{col 78}{space 3} .8424201
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .4988214{col 37}{space 2} .2116872{col 48}{space 1}    2.36{col 57}{space 3}0.020{col 65}{space 4} .0804056{col 78}{space 3} .9172371
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4525554{col 37}{space 2} .2186756{col 48}{space 1}    2.07{col 57}{space 3}0.040{col 65}{space 4} .0203266{col 78}{space 3} .8847841
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .4375997{col 37}{space 2} .2061139{col 48}{space 1}    2.12{col 57}{space 3}0.035{col 65}{space 4}    .0302{col 78}{space 3} .8449993
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4498193{col 37}{space 2}  .206803{col 48}{space 1}    2.18{col 57}{space 3}0.031{col 65}{space 4} .0410577{col 78}{space 3} .8585808
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .4957377{col 37}{space 2} .2230264{col 48}{space 1}    2.22{col 57}{space 3}0.028{col 65}{space 4} .0549093{col 78}{space 3} .9365661
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5662815{col 37}{space 2} .2273736{col 48}{space 1}    2.49{col 57}{space 3}0.014{col 65}{space 4} .1168605{col 78}{space 3} 1.015703
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .6203436{col 37}{space 2} .2275147{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1706438{col 78}{space 3} 1.070043
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6346225{col 37}{space 2} .2379457{col 48}{space 1}    2.67{col 57}{space 3}0.009{col 65}{space 4} .1643049{col 78}{space 3}  1.10494
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7311127{col 37}{space 2} .2534461{col 48}{space 1}    2.88{col 57}{space 3}0.005{col 65}{space 4} .2301575{col 78}{space 3} 1.232068
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .7808959{col 37}{space 2} .2644672{col 48}{space 1}    2.95{col 57}{space 3}0.004{col 65}{space 4} .2581567{col 78}{space 3} 1.303635
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8332923{col 37}{space 2} .2836594{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2726183{col 78}{space 3} 1.393966
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9450841{col 37}{space 2} .2884115{col 48}{space 1}    3.28{col 57}{space 3}0.001{col 65}{space 4}  .375017{col 78}{space 3} 1.515151
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.070542{col 37}{space 2} .2980355{col 48}{space 1}    3.59{col 57}{space 3}0.000{col 65}{space 4} .4814522{col 78}{space 3} 1.659631
{txt}{space 18}1993  {c |}{col 25}{res}{space 2}  1.31113{col 37}{space 2} .3108398{col 48}{space 1}    4.22{col 57}{space 3}0.000{col 65}{space 4} .6967314{col 78}{space 3} 1.925528
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.461985{col 37}{space 2} .3182931{col 48}{space 1}    4.59{col 57}{space 3}0.000{col 65}{space 4} .8328551{col 78}{space 3} 2.091116
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.648168{col 37}{space 2} .3274936{col 48}{space 1}    5.03{col 57}{space 3}0.000{col 65}{space 4} 1.000852{col 78}{space 3} 2.295484
{txt}{space 18}1996  {c |}{col 25}{res}{space 2}  1.64178{col 37}{space 2} .3600243{col 48}{space 1}    4.56{col 57}{space 3}0.000{col 65}{space 4} .9301651{col 78}{space 3} 2.353395
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.731782{col 37}{space 2} .3584649{col 48}{space 1}    4.83{col 57}{space 3}0.000{col 65}{space 4} 1.023249{col 78}{space 3} 2.440314
{txt}{space 18}1998  {c |}{col 25}{res}{space 2}  1.76754{col 37}{space 2} .3638346{col 48}{space 1}    4.86{col 57}{space 3}0.000{col 65}{space 4} 1.048393{col 78}{space 3} 2.486686
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.845708{col 37}{space 2} .3697175{col 48}{space 1}    4.99{col 57}{space 3}0.000{col 65}{space 4} 1.114933{col 78}{space 3} 2.576482
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.883509{col 37}{space 2}  .376201{col 48}{space 1}    5.01{col 57}{space 3}0.000{col 65}{space 4}  1.13992{col 78}{space 3} 2.627099
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.958843{col 37}{space 2} .3840788{col 48}{space 1}    5.10{col 57}{space 3}0.000{col 65}{space 4} 1.199682{col 78}{space 3} 2.718004
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.023186{col 37}{space 2} .3917174{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.248927{col 78}{space 3} 2.797445
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.103953{col 37}{space 2} .4024251{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4}  1.30853{col 78}{space 3} 2.899377
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.156388{col 37}{space 2} .4176883{col 48}{space 1}    5.16{col 57}{space 3}0.000{col 65}{space 4} 1.330796{col 78}{space 3}  2.98198
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.082797{col 37}{space 2} .4321305{col 48}{space 1}    4.82{col 57}{space 3}0.000{col 65}{space 4} 1.228659{col 78}{space 3} 2.936936
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .6366687{col 37}{space 2} 2.397259{col 48}{space 1}    0.27{col 57}{space 3}0.791{col 65}{space 4}-4.101693{col 78}{space 3}  5.37503
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} 2.9824823
                {txt}sigma_e {c |} {res} .84721251
                    {txt}rho {c |} {res} .92533327{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. xtreg ckaopen2010 l.sanction_onset##c.vdem $controls findevelop i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     3,097
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       142

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2246{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0603{col 63}{txt}avg{col 67}={col 69}{res}      21.8
{txt}     Overall = {res}0.0503{col 63}{txt}max{col 67}={col 69}{res}        26

{txt}{col 49}F({res}35{txt}, {res}141{txt}){col 67}={col 70}{res}     3.78
{txt}corr(u_i, Xb) = {res}-0.8855{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:142} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.4248242{col 37}{space 2} .1832645{col 48}{space 1}   -2.32{col 57}{space 3}0.022{col 65}{space 4}-.7871256{col 78}{space 3}-.0625229
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.3573863{col 37}{space 2}  .459433{col 48}{space 1}   -0.78{col 57}{space 3}0.438{col 65}{space 4}-1.265654{col 78}{space 3} .5508812
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .7447131{col 37}{space 2} .2636529{col 48}{space 1}    2.82{col 57}{space 3}0.005{col 65}{space 4} .2234893{col 78}{space 3} 1.265937
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2} -1.57284{col 37}{space 2} .7317252{col 48}{space 1}   -2.15{col 57}{space 3}0.033{col 65}{space 4} -3.01941{col 78}{space 3}-.1262689
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .0826525{col 37}{space 2} .3087012{col 48}{space 1}    0.27{col 57}{space 3}0.789{col 65}{space 4}-.5276286{col 78}{space 3} .6929336
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2}  .335794{col 37}{space 2} .3232903{col 48}{space 1}    1.04{col 57}{space 3}0.301{col 65}{space 4}-.3033288{col 78}{space 3} .9749169
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .2101311{col 37}{space 2} .1789124{col 48}{space 1}    1.17{col 57}{space 3}0.242{col 65}{space 4}-.1435665{col 78}{space 3} .5638287
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.2377879{col 37}{space 2} .1234989{col 48}{space 1}   -1.93{col 57}{space 3}0.056{col 65}{space 4}-.4819368{col 78}{space 3}  .006361
{txt}{space 15}underimf {c |}{col 25}{res}{space 2} .0137106{col 37}{space 2}  .094809{col 48}{space 1}    0.14{col 57}{space 3}0.885{col 65}{space 4}-.1737202{col 78}{space 3} .2011414
{txt}{space 13}findevelop {c |}{col 25}{res}{space 2} .0771075{col 37}{space 2} .1530839{col 48}{space 1}    0.50{col 57}{space 3}0.615{col 65}{space 4}-.2255288{col 78}{space 3} .3797438
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1981  {c |}{col 25}{res}{space 2}-.0321339{col 37}{space 2} .0449766{col 48}{space 1}   -0.71{col 57}{space 3}0.476{col 65}{space 4}-.1210496{col 78}{space 3} .0567818
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}-.0758052{col 37}{space 2} .0887038{col 48}{space 1}   -0.85{col 57}{space 3}0.394{col 65}{space 4}-.2511666{col 78}{space 3} .0995562
{txt}{space 18}1983  {c |}{col 25}{res}{space 2}-.0545744{col 37}{space 2} .0978457{col 48}{space 1}   -0.56{col 57}{space 3}0.578{col 65}{space 4}-.2480085{col 78}{space 3} .1388598
{txt}{space 18}1984  {c |}{col 25}{res}{space 2}-.0090373{col 37}{space 2} .1185607{col 48}{space 1}   -0.08{col 57}{space 3}0.939{col 65}{space 4}-.2434237{col 78}{space 3} .2253491
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .0638753{col 37}{space 2} .1343199{col 48}{space 1}    0.48{col 57}{space 3}0.635{col 65}{space 4}-.2016659{col 78}{space 3} .3294164
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .1238108{col 37}{space 2} .1487771{col 48}{space 1}    0.83{col 57}{space 3}0.407{col 65}{space 4}-.1703114{col 78}{space 3} .4179329
{txt}{space 18}1987  {c |}{col 25}{res}{space 2}  .125945{col 37}{space 2} .1539279{col 48}{space 1}    0.82{col 57}{space 3}0.415{col 65}{space 4}-.1783599{col 78}{space 3}   .43025
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .2129812{col 37}{space 2} .1724129{col 48}{space 1}    1.24{col 57}{space 3}0.219{col 65}{space 4}-.1278673{col 78}{space 3} .5538296
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .2510197{col 37}{space 2} .1878744{col 48}{space 1}    1.34{col 57}{space 3}0.184{col 65}{space 4}-.1203952{col 78}{space 3} .6224346
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .2902268{col 37}{space 2} .2064071{col 48}{space 1}    1.41{col 57}{space 3}0.162{col 65}{space 4}-.1178259{col 78}{space 3} .6982795
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .3946909{col 37}{space 2} .2193483{col 48}{space 1}    1.80{col 57}{space 3}0.074{col 65}{space 4}-.0389457{col 78}{space 3} .8283274
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .5166756{col 37}{space 2} .2363749{col 48}{space 1}    2.19{col 57}{space 3}0.030{col 65}{space 4} .0493786{col 78}{space 3} .9839727
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} .7707169{col 37}{space 2} .2639852{col 48}{space 1}    2.92{col 57}{space 3}0.004{col 65}{space 4} .2488364{col 78}{space 3} 1.292598
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} .9091841{col 37}{space 2} .2807458{col 48}{space 1}    3.24{col 57}{space 3}0.001{col 65}{space 4} .3541689{col 78}{space 3} 1.464199
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.089013{col 37}{space 2} .2984372{col 48}{space 1}    3.65{col 57}{space 3}0.000{col 65}{space 4} .4990228{col 78}{space 3} 1.679003
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.072403{col 37}{space 2} .3275406{col 48}{space 1}    3.27{col 57}{space 3}0.001{col 65}{space 4} .4248773{col 78}{space 3} 1.719928
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.163019{col 37}{space 2} .3346931{col 48}{space 1}    3.47{col 57}{space 3}0.001{col 65}{space 4} .5013533{col 78}{space 3} 1.824684
{txt}{space 18}1998  {c |}{col 25}{res}{space 2}  1.21018{col 37}{space 2} .3462767{col 48}{space 1}    3.49{col 57}{space 3}0.001{col 65}{space 4} .5256146{col 78}{space 3} 1.894745
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.295731{col 37}{space 2} .3549717{col 48}{space 1}    3.65{col 57}{space 3}0.000{col 65}{space 4} .5939762{col 78}{space 3} 1.997486
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.323064{col 37}{space 2} .3666866{col 48}{space 1}    3.61{col 57}{space 3}0.000{col 65}{space 4} .5981493{col 78}{space 3} 2.047978
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.411511{col 37}{space 2} .3821532{col 48}{space 1}    3.69{col 57}{space 3}0.000{col 65}{space 4} .6560197{col 78}{space 3} 2.167001
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 1.483756{col 37}{space 2} .3998931{col 48}{space 1}    3.71{col 57}{space 3}0.000{col 65}{space 4} .6931945{col 78}{space 3} 2.274317
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 1.559101{col 37}{space 2}  .415007{col 48}{space 1}    3.76{col 57}{space 3}0.000{col 65}{space 4} .7386602{col 78}{space 3} 2.379541
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 1.571715{col 37}{space 2} .4379123{col 48}{space 1}    3.59{col 57}{space 3}0.000{col 65}{space 4} .7059928{col 78}{space 3} 2.437438
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 1.522905{col 37}{space 2} .4580385{col 48}{space 1}    3.32{col 57}{space 3}0.001{col 65}{space 4} .6173946{col 78}{space 3} 2.428416
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} 2.717169{col 37}{space 2} 3.383017{col 48}{space 1}    0.80{col 57}{space 3}0.423{col 65}{space 4}-3.970824{col 78}{space 3} 9.405161
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} 2.7076559
                {txt}sigma_e {c |} {res} .85081323
                    {txt}rho {c |} {res} .91013561{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. center ckaopen2010 lag_sanction_onset vdem $controls, inplace // centering variables
{txt}(modified variables: ckaopen2010 lag_sanction_onset vdem targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg underimf)

{com}. 
. foreach var of varlist lag_sanction_onset vdem{c -(}
{txt}  2{com}. egen mean`var'=mean(`var'), by (ccode)
{txt}  3{com}. generate dm`var'=`var'-mean`var' 
{txt}  4{com}. {c )-}
{txt}(179 missing values generated)
(615 missing values generated)
(1,155 missing values generated)

{com}. generate int_lag_sanction_onset_vdem= dmlag_sanction_onset * dmvdem
{txt}(1,297 missing values generated)

{com}. 
. xtreg ckaopen2010 lag_sanction_onset vdem int_lag_sanction_onset_vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2309{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0560{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0338{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.14
{txt}corr(u_i, Xb) = {res}-0.9186{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 93:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 28}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 29}{c |}{col 41}    Robust
{col 1}                ckaopen2010{col 29}{c |} Coefficient{col 41}  std. err.{col 53}      t{col 61}   P>|t|{col 69}     [95% con{col 82}f. interval]
{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}lag_sanction_onset {c |}{col 29}{res}{space 2}-.1036043{col 41}{space 2} .0755684{col 52}{space 1}   -1.37{col 61}{space 3}0.173{col 69}{space 4} -.252971{col 82}{space 3} .0457623
{txt}{space 23}vdem {c |}{col 29}{res}{space 2}-.1705331{col 41}{space 2} .3216608{col 52}{space 1}   -0.53{col 61}{space 3}0.597{col 69}{space 4}-.8063199{col 82}{space 3} .4652536
{txt}int_lag_sanction_onset_vdem {c |}{col 29}{res}{space 2} .6468185{col 41}{space 2} .3278839{col 52}{space 1}    1.97{col 61}{space 3}0.050{col 69}{space 4}-.0012685{col 82}{space 3} 1.294906
{txt}{space 15}targ_pop_log {c |}{col 29}{res}{space 2}-1.794121{col 41}{space 2} .4641081{col 52}{space 1}   -3.87{col 61}{space 3}0.000{col 69}{space 4}-2.711465{col 82}{space 3}-.8767762
{txt}{space 13}targ_gdppc_log {c |}{col 29}{res}{space 2} .2404376{col 41}{space 2} .2186306{col 52}{space 1}    1.10{col 61}{space 3}0.273{col 69}{space 4}-.1917022{col 82}{space 3} .6725774
{txt}{space 13}targ_gdpgrowth {c |}{col 29}{res}{space 2} .5012113{col 41}{space 2} .2609263{col 52}{space 1}    1.92{col 61}{space 3}0.057{col 69}{space 4}-.0145292{col 82}{space 3} 1.016952
{txt}{space 15}lntrade_open {c |}{col 29}{res}{space 2} .0633642{col 41}{space 2} .1409012{col 52}{space 1}    0.45{col 61}{space 3}0.654{col 69}{space 4}-.2151375{col 82}{space 3} .3418659
{txt}{space 24}peg {c |}{col 29}{res}{space 2}-.1070534{col 41}{space 2} .0960852{col 52}{space 1}   -1.11{col 61}{space 3}0.267{col 69}{space 4}-.2969731{col 82}{space 3} .0828662
{txt}{space 19}underimf {c |}{col 29}{res}{space 2}-.0425768{col 41}{space 2} .0774265{col 52}{space 1}   -0.55{col 61}{space 3}0.583{col 69}{space 4}-.1956161{col 82}{space 3} .1104626
{txt}{space 27} {c |}
{space 23}year {c |}
{space 22}1971  {c |}{col 29}{res}{space 2} .1280087{col 41}{space 2} .0595087{col 52}{space 1}    2.15{col 61}{space 3}0.033{col 69}{space 4} .0103852{col 82}{space 3} .2456322
{txt}{space 22}1972  {c |}{col 29}{res}{space 2} .1423249{col 41}{space 2} .0702656{col 52}{space 1}    2.03{col 61}{space 3}0.045{col 69}{space 4} .0034396{col 82}{space 3} .2812102
{txt}{space 22}1973  {c |}{col 29}{res}{space 2} .2382151{col 41}{space 2} .0877016{col 52}{space 1}    2.72{col 61}{space 3}0.007{col 69}{space 4} .0648664{col 82}{space 3} .4115638
{txt}{space 22}1974  {c |}{col 29}{res}{space 2} .2948826{col 41}{space 2} .1277473{col 52}{space 1}    2.31{col 61}{space 3}0.022{col 69}{space 4} .0423803{col 82}{space 3} .5473848
{txt}{space 22}1975  {c |}{col 29}{res}{space 2} .3352175{col 41}{space 2} .1296805{col 52}{space 1}    2.58{col 61}{space 3}0.011{col 69}{space 4} .0788944{col 82}{space 3} .5915407
{txt}{space 22}1976  {c |}{col 29}{res}{space 2} .3049013{col 41}{space 2} .1366773{col 52}{space 1}    2.23{col 61}{space 3}0.027{col 69}{space 4} .0347483{col 82}{space 3} .5750542
{txt}{space 22}1977  {c |}{col 29}{res}{space 2} .3730941{col 41}{space 2} .1516155{col 52}{space 1}    2.46{col 61}{space 3}0.015{col 69}{space 4} .0734147{col 82}{space 3} .6727735
{txt}{space 22}1978  {c |}{col 29}{res}{space 2} .4662252{col 41}{space 2}  .169314{col 52}{space 1}    2.75{col 61}{space 3}0.007{col 69}{space 4} .1315634{col 82}{space 3}  .800887
{txt}{space 22}1979  {c |}{col 29}{res}{space 2}  .485528{col 41}{space 2} .1924534{col 52}{space 1}    2.52{col 61}{space 3}0.013{col 69}{space 4} .1051293{col 82}{space 3} .8659267
{txt}{space 22}1980  {c |}{col 29}{res}{space 2} .5191843{col 41}{space 2} .2143247{col 52}{space 1}    2.42{col 61}{space 3}0.017{col 69}{space 4} .0955555{col 82}{space 3} .9428131
{txt}{space 22}1981  {c |}{col 29}{res}{space 2} .4836571{col 41}{space 2} .2210579{col 52}{space 1}    2.19{col 61}{space 3}0.030{col 69}{space 4} .0467195{col 82}{space 3} .9205947
{txt}{space 22}1982  {c |}{col 29}{res}{space 2} .4671674{col 41}{space 2} .2092871{col 52}{space 1}    2.23{col 61}{space 3}0.027{col 69}{space 4} .0534958{col 82}{space 3}  .880839
{txt}{space 22}1983  {c |}{col 29}{res}{space 2}  .495236{col 41}{space 2}  .210491{col 52}{space 1}    2.35{col 61}{space 3}0.020{col 69}{space 4} .0791847{col 82}{space 3} .9112873
{txt}{space 22}1984  {c |}{col 29}{res}{space 2} .5298603{col 41}{space 2}  .225208{col 52}{space 1}    2.35{col 61}{space 3}0.020{col 69}{space 4} .0847198{col 82}{space 3} .9750008
{txt}{space 22}1985  {c |}{col 29}{res}{space 2} .5916303{col 41}{space 2} .2291371{col 52}{space 1}    2.58{col 61}{space 3}0.011{col 69}{space 4} .1387236{col 82}{space 3} 1.044537
{txt}{space 22}1986  {c |}{col 29}{res}{space 2} .6599603{col 41}{space 2} .2293904{col 52}{space 1}    2.88{col 61}{space 3}0.005{col 69}{space 4}  .206553{col 82}{space 3} 1.113368
{txt}{space 22}1987  {c |}{col 29}{res}{space 2} .6836837{col 41}{space 2} .2410206{col 52}{space 1}    2.84{col 61}{space 3}0.005{col 69}{space 4} .2072884{col 82}{space 3} 1.160079
{txt}{space 22}1988  {c |}{col 29}{res}{space 2} .7637229{col 41}{space 2} .2546709{col 52}{space 1}    3.00{col 61}{space 3}0.003{col 69}{space 4} .2603468{col 82}{space 3} 1.267099
{txt}{space 22}1989  {c |}{col 29}{res}{space 2}  .821355{col 41}{space 2} .2657514{col 52}{space 1}    3.09{col 61}{space 3}0.002{col 69}{space 4} .2960774{col 82}{space 3} 1.346633
{txt}{space 22}1990  {c |}{col 29}{res}{space 2} .8640547{col 41}{space 2} .2847557{col 52}{space 1}    3.03{col 61}{space 3}0.003{col 69}{space 4} .3012138{col 82}{space 3} 1.426896
{txt}{space 22}1991  {c |}{col 29}{res}{space 2} .9796427{col 41}{space 2} .2895757{col 52}{space 1}    3.38{col 61}{space 3}0.001{col 69}{space 4} .4072746{col 82}{space 3} 1.552011
{txt}{space 22}1992  {c |}{col 29}{res}{space 2} 1.098459{col 41}{space 2} .2994632{col 52}{space 1}    3.67{col 61}{space 3}0.000{col 69}{space 4} .5065472{col 82}{space 3}  1.69037
{txt}{space 22}1993  {c |}{col 29}{res}{space 2}  1.36484{col 41}{space 2} .3133343{col 52}{space 1}    4.36{col 61}{space 3}0.000{col 69}{space 4} .7455113{col 82}{space 3} 1.984169
{txt}{space 22}1994  {c |}{col 29}{res}{space 2}  1.52473{col 41}{space 2} .3211572{col 52}{space 1}    4.75{col 61}{space 3}0.000{col 69}{space 4}  .889939{col 82}{space 3} 2.159522
{txt}{space 22}1995  {c |}{col 29}{res}{space 2} 1.710481{col 41}{space 2} .3304292{col 52}{space 1}    5.18{col 61}{space 3}0.000{col 69}{space 4} 1.057363{col 82}{space 3} 2.363599
{txt}{space 22}1996  {c |}{col 29}{res}{space 2} 1.693613{col 41}{space 2} .3623422{col 52}{space 1}    4.67{col 61}{space 3}0.000{col 69}{space 4} .9774164{col 82}{space 3}  2.40981
{txt}{space 22}1997  {c |}{col 29}{res}{space 2} 1.778501{col 41}{space 2} .3585784{col 52}{space 1}    4.96{col 61}{space 3}0.000{col 69}{space 4} 1.069744{col 82}{space 3} 2.487258
{txt}{space 22}1998  {c |}{col 29}{res}{space 2} 1.815296{col 41}{space 2} .3659027{col 52}{space 1}    4.96{col 61}{space 3}0.000{col 69}{space 4} 1.092062{col 82}{space 3}  2.53853
{txt}{space 22}1999  {c |}{col 29}{res}{space 2} 1.895634{col 41}{space 2} .3725678{col 52}{space 1}    5.09{col 61}{space 3}0.000{col 69}{space 4} 1.159226{col 82}{space 3} 2.632042
{txt}{space 22}2000  {c |}{col 29}{res}{space 2} 1.938578{col 41}{space 2} .3802442{col 52}{space 1}    5.10{col 61}{space 3}0.000{col 69}{space 4} 1.186997{col 82}{space 3}  2.69016
{txt}{space 22}2001  {c |}{col 29}{res}{space 2}   2.0006{col 41}{space 2} .3872679{col 52}{space 1}    5.17{col 61}{space 3}0.000{col 69}{space 4} 1.235136{col 82}{space 3} 2.766064
{txt}{space 22}2002  {c |}{col 29}{res}{space 2} 2.075257{col 41}{space 2}   .39477{col 52}{space 1}    5.26{col 61}{space 3}0.000{col 69}{space 4} 1.294964{col 82}{space 3} 2.855549
{txt}{space 22}2003  {c |}{col 29}{res}{space 2} 2.160442{col 41}{space 2}  .405727{col 52}{space 1}    5.32{col 61}{space 3}0.000{col 69}{space 4} 1.358492{col 82}{space 3} 2.962392
{txt}{space 22}2004  {c |}{col 29}{res}{space 2} 2.215147{col 41}{space 2} .4215704{col 52}{space 1}    5.25{col 61}{space 3}0.000{col 69}{space 4} 1.381881{col 82}{space 3} 3.048413
{txt}{space 22}2005  {c |}{col 29}{res}{space 2}  2.14217{col 41}{space 2} .4360377{col 52}{space 1}    4.91{col 61}{space 3}0.000{col 69}{space 4} 1.280309{col 82}{space 3} 3.004031
{txt}{space 27} {c |}
{space 22}_cons {c |}{col 29}{res}{space 2}-.3623673{col 41}{space 2} .1641916{col 52}{space 1}   -2.21{col 61}{space 3}0.029{col 69}{space 4}-.6869043{col 82}{space 3}-.0378303
{txt}{hline 28}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                    sigma_u {c |} {res} 3.0874013
                    {txt}sigma_e {c |} {res}  .8497307
                        {txt}rho {c |} {res} .92958494{txt}   (fraction of variance due to u_i)
{hline 28}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. use "Replication_dyad.dta", clear
{txt}(Written by R.              )

{com}. 
. xtset dyad year
{res}
{col 1}{txt:Panel variable: }{res:dyad}{txt: (unbalanced)}
{p 1 16 2}{txt:Time variable: }{res:year}{txt:, }{res:{bind:1962}}{txt: to }{res:{bind:2004}}{txt:, but with gaps}{p_end}
{txt}{col 10}Delta: {res}1 unit
{txt}
{com}. 
. global controls3 log_gdppc1 log_gdppc2 log_pop1 log_pop2 caprat dyad_balance
{txt}
{com}. global controls4 log_gdppc1 log_gdppc2 log_pop1 log_pop2 caprat dyad_balance peg underimf
{txt}
{com}. 
. xtreg ckaopen2010 i.l.imposition##i.democracy $controls3 i.year, fe cl(dyad)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}   419,298
{txt}Group variable: {res}dyad{txt}{col 49}Number of groups{col 67}={col 69}{res}    25,617

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2556{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0096{col 63}{txt}avg{col 67}={col 69}{res}      16.4
{txt}     Overall = {res}0.0104{col 63}{txt}max{col 67}={col 69}{res}        39

{txt}{col 49}F({res}47{txt}, {res}25616{txt}){col 67}={col 70}{res}   388.89
{txt}corr(u_i, Xb) = {res}-0.9571{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 88:(Std. err. adjusted for {res:25,617} clusters in {res:dyad})}
{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 1}           ckaopen2010{col 24}{c |} Coefficient{col 36}  std. err.{col 48}      t{col 56}   P>|t|{col 64}     [95% con{col 77}f. interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.imposition {c |}
{space 20}1  {c |}{col 24}{res}{space 2}-.2853407{col 36}{space 2} .0497984{col 47}{space 1}   -5.73{col 56}{space 3}0.000{col 64}{space 4}-.3829485{col 77}{space 3}-.1877329
{txt}{space 22} {c |}
{space 11}1.democracy {c |}{col 24}{res}{space 2}-.1358385{col 36}{space 2} .0135398{col 47}{space 1}  -10.03{col 56}{space 3}0.000{col 64}{space 4}-.1623772{col 77}{space 3}-.1092997
{txt}{space 22} {c |}
L.imposition#democracy {c |}
{space 18}1 1  {c |}{col 24}{res}{space 2} .2919291{col 36}{space 2} .0747608{col 47}{space 1}    3.90{col 56}{space 3}0.000{col 64}{space 4} .1453936{col 77}{space 3} .4384645
{txt}{space 22} {c |}
{space 12}log_gdppc1 {c |}{col 24}{res}{space 2}-.0071897{col 36}{space 2} .0149687{col 47}{space 1}   -0.48{col 56}{space 3}0.631{col 64}{space 4}-.0365292{col 77}{space 3} .0221499
{txt}{space 12}log_gdppc2 {c |}{col 24}{res}{space 2} .1904738{col 36}{space 2} .0163048{col 47}{space 1}   11.68{col 56}{space 3}0.000{col 64}{space 4} .1585154{col 77}{space 3} .2224322
{txt}{space 14}log_pop1 {c |}{col 24}{res}{space 2} .0587978{col 36}{space 2} .0417241{col 47}{space 1}    1.41{col 56}{space 3}0.159{col 64}{space 4}-.0229838{col 77}{space 3} .1405795
{txt}{space 14}log_pop2 {c |}{col 24}{res}{space 2}-2.358717{col 36}{space 2} .0556223{col 47}{space 1}  -42.41{col 56}{space 3}0.000{col 64}{space 4} -2.46774{col 77}{space 3}-2.249694
{txt}{space 16}caprat {c |}{col 24}{res}{space 2} .0522115{col 36}{space 2} .0160068{col 47}{space 1}    3.26{col 56}{space 3}0.001{col 64}{space 4} .0208372{col 77}{space 3} .0835857
{txt}{space 10}dyad_balance {c |}{col 24}{res}{space 2} .0071656{col 36}{space 2} .0008437{col 47}{space 1}    8.49{col 56}{space 3}0.000{col 64}{space 4} .0055118{col 77}{space 3} .0088194
{txt}{space 22} {c |}
{space 18}year {c |}
{space 17}1967  {c |}{col 24}{res}{space 2} .3886735{col 36}{space 2} .0167025{col 47}{space 1}   23.27{col 56}{space 3}0.000{col 64}{space 4} .3559357{col 77}{space 3} .4214114
{txt}{space 17}1968  {c |}{col 24}{res}{space 2} .0029099{col 36}{space 2} .0119938{col 47}{space 1}    0.24{col 56}{space 3}0.808{col 64}{space 4}-.0205987{col 77}{space 3} .0264185
{txt}{space 17}1969  {c |}{col 24}{res}{space 2} .0226673{col 36}{space 2} .0146468{col 47}{space 1}    1.55{col 56}{space 3}0.122{col 64}{space 4}-.0060413{col 77}{space 3} .0513759
{txt}{space 17}1970  {c |}{col 24}{res}{space 2}-.0234499{col 36}{space 2} .0172602{col 47}{space 1}   -1.36{col 56}{space 3}0.174{col 64}{space 4}-.0572809{col 77}{space 3} .0103811
{txt}{space 17}1971  {c |}{col 24}{res}{space 2} .1153828{col 36}{space 2} .0194527{col 47}{space 1}    5.93{col 56}{space 3}0.000{col 64}{space 4} .0772545{col 77}{space 3} .1535111
{txt}{space 17}1972  {c |}{col 24}{res}{space 2} .1584888{col 36}{space 2} .0211601{col 47}{space 1}    7.49{col 56}{space 3}0.000{col 64}{space 4} .1170138{col 77}{space 3} .1999637
{txt}{space 17}1973  {c |}{col 24}{res}{space 2} .2835098{col 36}{space 2} .0232246{col 47}{space 1}   12.21{col 56}{space 3}0.000{col 64}{space 4} .2379883{col 77}{space 3} .3290314
{txt}{space 17}1974  {c |}{col 24}{res}{space 2} .3680318{col 36}{space 2} .0255855{col 47}{space 1}   14.38{col 56}{space 3}0.000{col 64}{space 4} .3178829{col 77}{space 3} .4181808
{txt}{space 17}1975  {c |}{col 24}{res}{space 2} .3991761{col 36}{space 2} .0276112{col 47}{space 1}   14.46{col 56}{space 3}0.000{col 64}{space 4} .3450567{col 77}{space 3} .4532956
{txt}{space 17}1976  {c |}{col 24}{res}{space 2} .4042773{col 36}{space 2} .0300851{col 47}{space 1}   13.44{col 56}{space 3}0.000{col 64}{space 4} .3453088{col 77}{space 3} .4632458
{txt}{space 17}1977  {c |}{col 24}{res}{space 2} .4993647{col 36}{space 2}  .032132{col 47}{space 1}   15.54{col 56}{space 3}0.000{col 64}{space 4} .4363842{col 77}{space 3} .5623451
{txt}{space 17}1978  {c |}{col 24}{res}{space 2} .5610127{col 36}{space 2} .0344039{col 47}{space 1}   16.31{col 56}{space 3}0.000{col 64}{space 4} .4935791{col 77}{space 3} .6284464
{txt}{space 17}1979  {c |}{col 24}{res}{space 2} .6295163{col 36}{space 2} .0372142{col 47}{space 1}   16.92{col 56}{space 3}0.000{col 64}{space 4} .5565744{col 77}{space 3} .7024583
{txt}{space 17}1980  {c |}{col 24}{res}{space 2} .6501839{col 36}{space 2} .0391156{col 47}{space 1}   16.62{col 56}{space 3}0.000{col 64}{space 4} .5735151{col 77}{space 3} .7268527
{txt}{space 17}1981  {c |}{col 24}{res}{space 2} .6397594{col 36}{space 2} .0417057{col 47}{space 1}   15.34{col 56}{space 3}0.000{col 64}{space 4} .5580138{col 77}{space 3}  .721505
{txt}{space 17}1982  {c |}{col 24}{res}{space 2} .6012836{col 36}{space 2} .0438638{col 47}{space 1}   13.71{col 56}{space 3}0.000{col 64}{space 4} .5153081{col 77}{space 3} .6872592
{txt}{space 17}1983  {c |}{col 24}{res}{space 2} .6480476{col 36}{space 2} .0453335{col 47}{space 1}   14.30{col 56}{space 3}0.000{col 64}{space 4} .5591914{col 77}{space 3} .7369038
{txt}{space 17}1984  {c |}{col 24}{res}{space 2} .6910993{col 36}{space 2} .0481319{col 47}{space 1}   14.36{col 56}{space 3}0.000{col 64}{space 4} .5967582{col 77}{space 3} .7854405
{txt}{space 17}1985  {c |}{col 24}{res}{space 2} .7442864{col 36}{space 2} .0498427{col 47}{space 1}   14.93{col 56}{space 3}0.000{col 64}{space 4} .6465918{col 77}{space 3}  .841981
{txt}{space 17}1986  {c |}{col 24}{res}{space 2}  .799562{col 36}{space 2} .0510517{col 47}{space 1}   15.66{col 56}{space 3}0.000{col 64}{space 4} .6994978{col 77}{space 3} .8996262
{txt}{space 17}1987  {c |}{col 24}{res}{space 2} .8337179{col 36}{space 2} .0527434{col 47}{space 1}   15.81{col 56}{space 3}0.000{col 64}{space 4} .7303379{col 77}{space 3} .9370979
{txt}{space 17}1988  {c |}{col 24}{res}{space 2}  .950377{col 36}{space 2} .0546714{col 47}{space 1}   17.38{col 56}{space 3}0.000{col 64}{space 4} .8432179{col 77}{space 3} 1.057536
{txt}{space 17}1989  {c |}{col 24}{res}{space 2} 1.014124{col 36}{space 2} .0563405{col 47}{space 1}   18.00{col 56}{space 3}0.000{col 64}{space 4} .9036929{col 77}{space 3} 1.124554
{txt}{space 17}1990  {c |}{col 24}{res}{space 2} 1.092817{col 36}{space 2} .0580628{col 47}{space 1}   18.82{col 56}{space 3}0.000{col 64}{space 4} .9790104{col 77}{space 3} 1.206623
{txt}{space 17}1991  {c |}{col 24}{res}{space 2}  1.19871{col 36}{space 2} .0595802{col 47}{space 1}   20.12{col 56}{space 3}0.000{col 64}{space 4} 1.081929{col 77}{space 3} 1.315491
{txt}{space 17}1992  {c |}{col 24}{res}{space 2} 1.339181{col 36}{space 2} .0613402{col 47}{space 1}   21.83{col 56}{space 3}0.000{col 64}{space 4} 1.218951{col 77}{space 3} 1.459411
{txt}{space 17}1993  {c |}{col 24}{res}{space 2}  1.67855{col 36}{space 2} .0631488{col 47}{space 1}   26.58{col 56}{space 3}0.000{col 64}{space 4} 1.554775{col 77}{space 3} 1.802326
{txt}{space 17}1994  {c |}{col 24}{res}{space 2} 1.800871{col 36}{space 2} .0646129{col 47}{space 1}   27.87{col 56}{space 3}0.000{col 64}{space 4} 1.674226{col 77}{space 3} 1.927516
{txt}{space 17}1995  {c |}{col 24}{res}{space 2}  1.98439{col 36}{space 2} .0660128{col 47}{space 1}   30.06{col 56}{space 3}0.000{col 64}{space 4} 1.855001{col 77}{space 3} 2.113779
{txt}{space 17}1996  {c |}{col 24}{res}{space 2} 1.891779{col 36}{space 2} .0673417{col 47}{space 1}   28.09{col 56}{space 3}0.000{col 64}{space 4} 1.759785{col 77}{space 3} 2.023772
{txt}{space 17}1997  {c |}{col 24}{res}{space 2} 1.978333{col 36}{space 2} .0683016{col 47}{space 1}   28.96{col 56}{space 3}0.000{col 64}{space 4} 1.844458{col 77}{space 3} 2.112208
{txt}{space 17}1998  {c |}{col 24}{res}{space 2} 2.008452{col 36}{space 2} .0689411{col 47}{space 1}   29.13{col 56}{space 3}0.000{col 64}{space 4} 1.873324{col 77}{space 3} 2.143581
{txt}{space 17}1999  {c |}{col 24}{res}{space 2} 2.084078{col 36}{space 2} .0703391{col 47}{space 1}   29.63{col 56}{space 3}0.000{col 64}{space 4} 1.946209{col 77}{space 3} 2.221947
{txt}{space 17}2000  {c |}{col 24}{res}{space 2} 2.104589{col 36}{space 2} .0722658{col 47}{space 1}   29.12{col 56}{space 3}0.000{col 64}{space 4} 1.962943{col 77}{space 3} 2.246234
{txt}{space 17}2001  {c |}{col 24}{res}{space 2} 2.176609{col 36}{space 2} .0736289{col 47}{space 1}   29.56{col 56}{space 3}0.000{col 64}{space 4} 2.032292{col 77}{space 3} 2.320926
{txt}{space 17}2002  {c |}{col 24}{res}{space 2} 2.250302{col 36}{space 2} .0748669{col 47}{space 1}   30.06{col 56}{space 3}0.000{col 64}{space 4} 2.103559{col 77}{space 3} 2.397046
{txt}{space 17}2003  {c |}{col 24}{res}{space 2} 2.362484{col 36}{space 2} .0763116{col 47}{space 1}   30.96{col 56}{space 3}0.000{col 64}{space 4} 2.212909{col 77}{space 3} 2.512059
{txt}{space 17}2004  {c |}{col 24}{res}{space 2} 2.459851{col 36}{space 2} .0781901{col 47}{space 1}   31.46{col 56}{space 3}0.000{col 64}{space 4} 2.306594{col 77}{space 3} 2.613108
{txt}{space 22} {c |}
{space 17}_cons {c |}{col 24}{res}{space 2}  18.4489{col 36}{space 2} .6580713{col 47}{space 1}   28.03{col 56}{space 3}0.000{col 64}{space 4} 17.15905{col 77}{space 3} 19.73876
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
               sigma_u {c |} {res}  4.759586
               {txt}sigma_e {c |} {res} .82381196
                   {txt}rho {c |} {res} .97091305{txt}   (fraction of variance due to u_i)
{hline 23}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.imposition##i.democracy $controls4 i.year, fe cl(dyad)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}   387,377
{txt}Group variable: {res}dyad{txt}{col 49}Number of groups{col 67}={col 69}{res}    24,803

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2555{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0083{col 63}{txt}avg{col 67}={col 69}{res}      15.6
{txt}     Overall = {res}0.0090{col 63}{txt}max{col 67}={col 69}{res}        35

{txt}{col 49}F({res}45{txt}, {res}24802{txt}){col 67}={col 70}{res}   367.95
{txt}corr(u_i, Xb) = {res}-0.9528{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 88:(Std. err. adjusted for {res:24,803} clusters in {res:dyad})}
{hline 23}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 24}{c |}{col 36}    Robust
{col 1}           ckaopen2010{col 24}{c |} Coefficient{col 36}  std. err.{col 48}      t{col 56}   P>|t|{col 64}     [95% con{col 77}f. interval]
{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.imposition {c |}
{space 20}1  {c |}{col 24}{res}{space 2}-.2863833{col 36}{space 2} .0559604{col 47}{space 1}   -5.12{col 56}{space 3}0.000{col 64}{space 4}-.3960691{col 77}{space 3}-.1766976
{txt}{space 22} {c |}
{space 11}1.democracy {c |}{col 24}{res}{space 2}-.1034655{col 36}{space 2} .0143135{col 47}{space 1}   -7.23{col 56}{space 3}0.000{col 64}{space 4}-.1315209{col 77}{space 3}-.0754102
{txt}{space 22} {c |}
L.imposition#democracy {c |}
{space 18}1 1  {c |}{col 24}{res}{space 2} .2923952{col 36}{space 2} .0789715{col 47}{space 1}    3.70{col 56}{space 3}0.000{col 64}{space 4} .1376064{col 77}{space 3}  .447184
{txt}{space 22} {c |}
{space 12}log_gdppc1 {c |}{col 24}{res}{space 2}-.0070683{col 36}{space 2} .0161114{col 47}{space 1}   -0.44{col 56}{space 3}0.661{col 64}{space 4}-.0386476{col 77}{space 3}  .024511
{txt}{space 12}log_gdppc2 {c |}{col 24}{res}{space 2} .1414417{col 36}{space 2} .0182109{col 47}{space 1}    7.77{col 56}{space 3}0.000{col 64}{space 4} .1057473{col 77}{space 3}  .177136
{txt}{space 14}log_pop1 {c |}{col 24}{res}{space 2} .0388966{col 36}{space 2} .0456023{col 47}{space 1}    0.85{col 56}{space 3}0.394{col 64}{space 4}-.0504866{col 77}{space 3} .1282798
{txt}{space 14}log_pop2 {c |}{col 24}{res}{space 2}-2.226258{col 36}{space 2} .0581758{col 47}{space 1}  -38.27{col 56}{space 3}0.000{col 64}{space 4}-2.340286{col 77}{space 3}-2.112231
{txt}{space 16}caprat {c |}{col 24}{res}{space 2} .0694696{col 36}{space 2}  .017069{col 47}{space 1}    4.07{col 56}{space 3}0.000{col 64}{space 4} .0360134{col 77}{space 3} .1029258
{txt}{space 10}dyad_balance {c |}{col 24}{res}{space 2} .0051101{col 36}{space 2} .0008646{col 47}{space 1}    5.91{col 56}{space 3}0.000{col 64}{space 4} .0034155{col 77}{space 3} .0068047
{txt}{space 19}peg {c |}{col 24}{res}{space 2}-.0212537{col 36}{space 2} .0095769{col 47}{space 1}   -2.22{col 56}{space 3}0.026{col 64}{space 4} -.040025{col 77}{space 3}-.0024824
{txt}{space 14}underimf {c |}{col 24}{res}{space 2}-.0872877{col 36}{space 2} .0083522{col 47}{space 1}  -10.45{col 56}{space 3}0.000{col 64}{space 4}-.1036585{col 77}{space 3}-.0709169
{txt}{space 22} {c |}
{space 18}year {c |}
{space 17}1971  {c |}{col 24}{res}{space 2} .1201989{col 36}{space 2} .0082982{col 47}{space 1}   14.48{col 56}{space 3}0.000{col 64}{space 4} .1039339{col 77}{space 3} .1364639
{txt}{space 17}1972  {c |}{col 24}{res}{space 2} .1643326{col 36}{space 2} .0104885{col 47}{space 1}   15.67{col 56}{space 3}0.000{col 64}{space 4} .1437746{col 77}{space 3} .1848907
{txt}{space 17}1973  {c |}{col 24}{res}{space 2} .2833393{col 36}{space 2} .0129297{col 47}{space 1}   21.91{col 56}{space 3}0.000{col 64}{space 4} .2579964{col 77}{space 3} .3086823
{txt}{space 17}1974  {c |}{col 24}{res}{space 2} .3366908{col 36}{space 2} .0154808{col 47}{space 1}   21.75{col 56}{space 3}0.000{col 64}{space 4} .3063474{col 77}{space 3} .3670341
{txt}{space 17}1975  {c |}{col 24}{res}{space 2} .3763612{col 36}{space 2} .0174449{col 47}{space 1}   21.57{col 56}{space 3}0.000{col 64}{space 4} .3421682{col 77}{space 3} .4105542
{txt}{space 17}1976  {c |}{col 24}{res}{space 2}   .37679{col 36}{space 2} .0203906{col 47}{space 1}   18.48{col 56}{space 3}0.000{col 64}{space 4} .3368233{col 77}{space 3} .4167567
{txt}{space 17}1977  {c |}{col 24}{res}{space 2} .4834232{col 36}{space 2} .0228112{col 47}{space 1}   21.19{col 56}{space 3}0.000{col 64}{space 4} .4387118{col 77}{space 3} .5281345
{txt}{space 17}1978  {c |}{col 24}{res}{space 2} .5661826{col 36}{space 2} .0261388{col 47}{space 1}   21.66{col 56}{space 3}0.000{col 64}{space 4}  .514949{col 77}{space 3} .6174162
{txt}{space 17}1979  {c |}{col 24}{res}{space 2} .6569355{col 36}{space 2} .0288797{col 47}{space 1}   22.75{col 56}{space 3}0.000{col 64}{space 4} .6003296{col 77}{space 3} .7135414
{txt}{space 17}1980  {c |}{col 24}{res}{space 2} .6769284{col 36}{space 2} .0309231{col 47}{space 1}   21.89{col 56}{space 3}0.000{col 64}{space 4} .6163172{col 77}{space 3} .7375395
{txt}{space 17}1981  {c |}{col 24}{res}{space 2} .6638385{col 36}{space 2} .0340367{col 47}{space 1}   19.50{col 56}{space 3}0.000{col 64}{space 4} .5971246{col 77}{space 3} .7305525
{txt}{space 17}1982  {c |}{col 24}{res}{space 2} .6294553{col 36}{space 2} .0362536{col 47}{space 1}   17.36{col 56}{space 3}0.000{col 64}{space 4} .5583961{col 77}{space 3} .7005146
{txt}{space 17}1983  {c |}{col 24}{res}{space 2} .6816021{col 36}{space 2} .0382387{col 47}{space 1}   17.82{col 56}{space 3}0.000{col 64}{space 4} .6066521{col 77}{space 3} .7565522
{txt}{space 17}1984  {c |}{col 24}{res}{space 2} .7195361{col 36}{space 2} .0408468{col 47}{space 1}   17.62{col 56}{space 3}0.000{col 64}{space 4}  .639474{col 77}{space 3} .7995982
{txt}{space 17}1985  {c |}{col 24}{res}{space 2} .7683844{col 36}{space 2} .0427614{col 47}{space 1}   17.97{col 56}{space 3}0.000{col 64}{space 4} .6845695{col 77}{space 3} .8521992
{txt}{space 17}1986  {c |}{col 24}{res}{space 2}  .831644{col 36}{space 2} .0440693{col 47}{space 1}   18.87{col 56}{space 3}0.000{col 64}{space 4} .7452655{col 77}{space 3} .9180225
{txt}{space 17}1987  {c |}{col 24}{res}{space 2} .8651559{col 36}{space 2} .0457977{col 47}{space 1}   18.89{col 56}{space 3}0.000{col 64}{space 4} .7753897{col 77}{space 3}  .954922
{txt}{space 17}1988  {c |}{col 24}{res}{space 2}  .976159{col 36}{space 2} .0480447{col 47}{space 1}   20.32{col 56}{space 3}0.000{col 64}{space 4} .8819885{col 77}{space 3}  1.07033
{txt}{space 17}1989  {c |}{col 24}{res}{space 2} 1.042982{col 36}{space 2}  .050008{col 47}{space 1}   20.86{col 56}{space 3}0.000{col 64}{space 4} .9449634{col 77}{space 3} 1.141001
{txt}{space 17}1990  {c |}{col 24}{res}{space 2} 1.127586{col 36}{space 2} .0522133{col 47}{space 1}   21.60{col 56}{space 3}0.000{col 64}{space 4} 1.025245{col 77}{space 3} 1.229927
{txt}{space 17}1991  {c |}{col 24}{res}{space 2} 1.233555{col 36}{space 2}  .053882{col 47}{space 1}   22.89{col 56}{space 3}0.000{col 64}{space 4} 1.127943{col 77}{space 3} 1.339167
{txt}{space 17}1992  {c |}{col 24}{res}{space 2} 1.377003{col 36}{space 2} .0560125{col 47}{space 1}   24.58{col 56}{space 3}0.000{col 64}{space 4} 1.267215{col 77}{space 3} 1.486791
{txt}{space 17}1993  {c |}{col 24}{res}{space 2} 1.715801{col 36}{space 2}  .058044{col 47}{space 1}   29.56{col 56}{space 3}0.000{col 64}{space 4} 1.602031{col 77}{space 3} 1.829571
{txt}{space 17}1994  {c |}{col 24}{res}{space 2} 1.839643{col 36}{space 2} .0595609{col 47}{space 1}   30.89{col 56}{space 3}0.000{col 64}{space 4}   1.7229{col 77}{space 3} 1.956386
{txt}{space 17}1995  {c |}{col 24}{res}{space 2} 2.013013{col 36}{space 2}  .061077{col 47}{space 1}   32.96{col 56}{space 3}0.000{col 64}{space 4} 1.893299{col 77}{space 3} 2.132728
{txt}{space 17}1996  {c |}{col 24}{res}{space 2} 1.936569{col 36}{space 2} .0627397{col 47}{space 1}   30.87{col 56}{space 3}0.000{col 64}{space 4} 1.813596{col 77}{space 3} 2.059543
{txt}{space 17}1997  {c |}{col 24}{res}{space 2} 2.026013{col 36}{space 2} .0638237{col 47}{space 1}   31.74{col 56}{space 3}0.000{col 64}{space 4} 1.900915{col 77}{space 3} 2.151111
{txt}{space 17}1998  {c |}{col 24}{res}{space 2}  2.04697{col 36}{space 2} .0645039{col 47}{space 1}   31.73{col 56}{space 3}0.000{col 64}{space 4} 1.920539{col 77}{space 3} 2.173402
{txt}{space 17}1999  {c |}{col 24}{res}{space 2} 2.118683{col 36}{space 2} .0660322{col 47}{space 1}   32.09{col 56}{space 3}0.000{col 64}{space 4} 1.989256{col 77}{space 3}  2.24811
{txt}{space 17}2000  {c |}{col 24}{res}{space 2} 2.145127{col 36}{space 2} .0681229{col 47}{space 1}   31.49{col 56}{space 3}0.000{col 64}{space 4} 2.011602{col 77}{space 3} 2.278652
{txt}{space 17}2001  {c |}{col 24}{res}{space 2} 2.209879{col 36}{space 2} .0695432{col 47}{space 1}   31.78{col 56}{space 3}0.000{col 64}{space 4}  2.07357{col 77}{space 3} 2.346188
{txt}{space 17}2002  {c |}{col 24}{res}{space 2} 2.286237{col 36}{space 2} .0708837{col 47}{space 1}   32.25{col 56}{space 3}0.000{col 64}{space 4} 2.147301{col 77}{space 3} 2.425173
{txt}{space 17}2003  {c |}{col 24}{res}{space 2} 2.389686{col 36}{space 2} .0724333{col 47}{space 1}   32.99{col 56}{space 3}0.000{col 64}{space 4} 2.247712{col 77}{space 3} 2.531659
{txt}{space 17}2004  {c |}{col 24}{res}{space 2} 2.480103{col 36}{space 2} .0744414{col 47}{space 1}   33.32{col 56}{space 3}0.000{col 64}{space 4} 2.334193{col 77}{space 3} 2.626012
{txt}{space 22} {c |}
{space 17}_cons {c |}{col 24}{res}{space 2} 17.77265{col 36}{space 2}  .723124{col 47}{space 1}   24.58{col 56}{space 3}0.000{col 64}{space 4} 16.35528{col 77}{space 3} 19.19001
{txt}{hline 23}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
               sigma_u {c |} {res} 4.5630945
               {txt}sigma_e {c |} {res} .80762012
                   {txt}rho {c |} {res} .96962616{txt}   (fraction of variance due to u_i)
{hline 23}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.imposition##c.vdem $controls3 i.year, fe cl(dyad)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}   408,656
{txt}Group variable: {res}dyad{txt}{col 49}Number of groups{col 67}={col 69}{res}    24,487

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2712{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0281{col 63}{txt}avg{col 67}={col 69}{res}      16.7
{txt}     Overall = {res}0.0219{col 63}{txt}max{col 67}={col 69}{res}        39

{txt}{col 49}F({res}47{txt}, {res}24486{txt}){col 67}={col 70}{res}   397.41
{txt}corr(u_i, Xb) = {res}-0.9509{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 85:(Std. err. adjusted for {res:24,487} clusters in {res:dyad})}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}        ckaopen2010{col 21}{c |} Coefficient{col 33}  std. err.{col 45}      t{col 53}   P>|t|{col 61}     [95% con{col 74}f. interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.imposition {c |}
{space 17}1  {c |}{col 21}{res}{space 2}-.3505016{col 33}{space 2} .0601227{col 44}{space 1}   -5.83{col 53}{space 3}0.000{col 61}{space 4}-.4683457{col 74}{space 3}-.2326574
{txt}{space 19} {c |}
{space 15}vdem {c |}{col 21}{res}{space 2}-.3012533{col 33}{space 2} .0288176{col 44}{space 1}  -10.45{col 53}{space 3}0.000{col 61}{space 4}-.3577377{col 74}{space 3} -.244769
{txt}{space 19} {c |}
L.imposition#c.vdem {c |}
{space 17}1  {c |}{col 21}{res}{space 2} .4546233{col 33}{space 2} .1180765{col 44}{space 1}    3.85{col 53}{space 3}0.000{col 61}{space 4} .2231861{col 74}{space 3} .6860605
{txt}{space 19} {c |}
{space 9}log_gdppc1 {c |}{col 21}{res}{space 2} -.008923{col 33}{space 2} .0149444{col 44}{space 1}   -0.60{col 53}{space 3}0.550{col 61}{space 4} -.038215{col 74}{space 3}  .020369
{txt}{space 9}log_gdppc2 {c |}{col 21}{res}{space 2} .2006024{col 33}{space 2} .0163207{col 44}{space 1}   12.29{col 53}{space 3}0.000{col 61}{space 4} .1686129{col 74}{space 3}  .232592
{txt}{space 11}log_pop1 {c |}{col 21}{res}{space 2}-.0767884{col 33}{space 2} .0416508{col 44}{space 1}   -1.84{col 53}{space 3}0.065{col 61}{space 4}-.1584264{col 74}{space 3} .0048497
{txt}{space 11}log_pop2 {c |}{col 21}{res}{space 2} -2.34667{col 33}{space 2} .0554082{col 44}{space 1}  -42.35{col 53}{space 3}0.000{col 61}{space 4}-2.455273{col 74}{space 3}-2.238066
{txt}{space 13}caprat {c |}{col 21}{res}{space 2} .1373774{col 33}{space 2}  .015873{col 44}{space 1}    8.65{col 53}{space 3}0.000{col 61}{space 4} .1062653{col 74}{space 3} .1684895
{txt}{space 7}dyad_balance {c |}{col 21}{res}{space 2} .0078657{col 33}{space 2} .0008534{col 44}{space 1}    9.22{col 53}{space 3}0.000{col 61}{space 4} .0061929{col 74}{space 3} .0095385
{txt}{space 19} {c |}
{space 15}year {c |}
{space 14}1967  {c |}{col 21}{res}{space 2} .3925899{col 33}{space 2}  .016639{col 44}{space 1}   23.59{col 53}{space 3}0.000{col 61}{space 4} .3599764{col 74}{space 3} .4252034
{txt}{space 14}1968  {c |}{col 21}{res}{space 2} .0142703{col 33}{space 2} .0119233{col 44}{space 1}    1.20{col 53}{space 3}0.231{col 61}{space 4}-.0091001{col 74}{space 3} .0376407
{txt}{space 14}1969  {c |}{col 21}{res}{space 2} .0354155{col 33}{space 2} .0145599{col 44}{space 1}    2.43{col 53}{space 3}0.015{col 61}{space 4} .0068771{col 74}{space 3} .0639539
{txt}{space 14}1970  {c |}{col 21}{res}{space 2}-.0120694{col 33}{space 2} .0171725{col 44}{space 1}   -0.70{col 53}{space 3}0.482{col 61}{space 4}-.0457286{col 74}{space 3} .0215898
{txt}{space 14}1971  {c |}{col 21}{res}{space 2} .1179104{col 33}{space 2} .0191988{col 44}{space 1}    6.14{col 53}{space 3}0.000{col 61}{space 4} .0802795{col 74}{space 3} .1555412
{txt}{space 14}1972  {c |}{col 21}{res}{space 2}  .169124{col 33}{space 2} .0210859{col 44}{space 1}    8.02{col 53}{space 3}0.000{col 61}{space 4} .1277944{col 74}{space 3} .2104537
{txt}{space 14}1973  {c |}{col 21}{res}{space 2} .2949856{col 33}{space 2} .0231276{col 44}{space 1}   12.75{col 53}{space 3}0.000{col 61}{space 4} .2496541{col 74}{space 3} .3403171
{txt}{space 14}1974  {c |}{col 21}{res}{space 2} .3804894{col 33}{space 2} .0254608{col 44}{space 1}   14.94{col 53}{space 3}0.000{col 61}{space 4} .3305847{col 74}{space 3} .4303941
{txt}{space 14}1975  {c |}{col 21}{res}{space 2} .4130151{col 33}{space 2}  .027434{col 44}{space 1}   15.05{col 53}{space 3}0.000{col 61}{space 4} .3592428{col 74}{space 3} .4667873
{txt}{space 14}1976  {c |}{col 21}{res}{space 2} .4185512{col 33}{space 2} .0298526{col 44}{space 1}   14.02{col 53}{space 3}0.000{col 61}{space 4} .3600383{col 74}{space 3} .4770641
{txt}{space 14}1977  {c |}{col 21}{res}{space 2} .5038051{col 33}{space 2} .0318041{col 44}{space 1}   15.84{col 53}{space 3}0.000{col 61}{space 4} .4414672{col 74}{space 3}  .566143
{txt}{space 14}1978  {c |}{col 21}{res}{space 2} .5645947{col 33}{space 2} .0339998{col 44}{space 1}   16.61{col 53}{space 3}0.000{col 61}{space 4} .4979529{col 74}{space 3} .6312364
{txt}{space 14}1979  {c |}{col 21}{res}{space 2} .6507482{col 33}{space 2} .0368541{col 44}{space 1}   17.66{col 53}{space 3}0.000{col 61}{space 4} .5785119{col 74}{space 3} .7229845
{txt}{space 14}1980  {c |}{col 21}{res}{space 2} .6759135{col 33}{space 2} .0387008{col 44}{space 1}   17.47{col 53}{space 3}0.000{col 61}{space 4} .6000575{col 74}{space 3} .7517695
{txt}{space 14}1981  {c |}{col 21}{res}{space 2} .6655718{col 33}{space 2} .0412345{col 44}{space 1}   16.14{col 53}{space 3}0.000{col 61}{space 4} .5847496{col 74}{space 3} .7463941
{txt}{space 14}1982  {c |}{col 21}{res}{space 2} .6216707{col 33}{space 2}  .043435{col 44}{space 1}   14.31{col 53}{space 3}0.000{col 61}{space 4} .5365355{col 74}{space 3} .7068059
{txt}{space 14}1983  {c |}{col 21}{res}{space 2}  .667539{col 33}{space 2} .0449237{col 44}{space 1}   14.86{col 53}{space 3}0.000{col 61}{space 4} .5794857{col 74}{space 3} .7555923
{txt}{space 14}1984  {c |}{col 21}{res}{space 2} .7099953{col 33}{space 2}  .047616{col 44}{space 1}   14.91{col 53}{space 3}0.000{col 61}{space 4} .6166651{col 74}{space 3} .8033255
{txt}{space 14}1985  {c |}{col 21}{res}{space 2} .7646087{col 33}{space 2} .0493093{col 44}{space 1}   15.51{col 53}{space 3}0.000{col 61}{space 4} .6679596{col 74}{space 3} .8612579
{txt}{space 14}1986  {c |}{col 21}{res}{space 2} .8131013{col 33}{space 2} .0506246{col 44}{space 1}   16.06{col 53}{space 3}0.000{col 61}{space 4}  .713874{col 74}{space 3} .9123286
{txt}{space 14}1987  {c |}{col 21}{res}{space 2} .8525679{col 33}{space 2} .0522575{col 44}{space 1}   16.31{col 53}{space 3}0.000{col 61}{space 4}   .75014{col 74}{space 3} .9549958
{txt}{space 14}1988  {c |}{col 21}{res}{space 2} .9703075{col 33}{space 2} .0542136{col 44}{space 1}   17.90{col 53}{space 3}0.000{col 61}{space 4} .8640456{col 74}{space 3} 1.076569
{txt}{space 14}1989  {c |}{col 21}{res}{space 2} 1.040736{col 33}{space 2} .0558271{col 44}{space 1}   18.64{col 53}{space 3}0.000{col 61}{space 4} .9313118{col 74}{space 3} 1.150161
{txt}{space 14}1990  {c |}{col 21}{res}{space 2} 1.134779{col 33}{space 2} .0574557{col 44}{space 1}   19.75{col 53}{space 3}0.000{col 61}{space 4} 1.022162{col 74}{space 3} 1.247396
{txt}{space 14}1991  {c |}{col 21}{res}{space 2} 1.249516{col 33}{space 2} .0589818{col 44}{space 1}   21.18{col 53}{space 3}0.000{col 61}{space 4} 1.133908{col 74}{space 3} 1.365124
{txt}{space 14}1992  {c |}{col 21}{res}{space 2}  1.39354{col 33}{space 2} .0607598{col 44}{space 1}   22.94{col 53}{space 3}0.000{col 61}{space 4} 1.274447{col 74}{space 3} 1.512633
{txt}{space 14}1993  {c |}{col 21}{res}{space 2} 1.739713{col 33}{space 2} .0626076{col 44}{space 1}   27.79{col 53}{space 3}0.000{col 61}{space 4} 1.616999{col 74}{space 3} 1.862428
{txt}{space 14}1994  {c |}{col 21}{res}{space 2} 1.858195{col 33}{space 2} .0640455{col 44}{space 1}   29.01{col 53}{space 3}0.000{col 61}{space 4} 1.732662{col 74}{space 3} 1.983728
{txt}{space 14}1995  {c |}{col 21}{res}{space 2} 2.051977{col 33}{space 2} .0654189{col 44}{space 1}   31.37{col 53}{space 3}0.000{col 61}{space 4} 1.923752{col 74}{space 3} 2.180202
{txt}{space 14}1996  {c |}{col 21}{res}{space 2} 2.016361{col 33}{space 2} .0665391{col 44}{space 1}   30.30{col 53}{space 3}0.000{col 61}{space 4}  1.88594{col 74}{space 3} 2.146782
{txt}{space 14}1997  {c |}{col 21}{res}{space 2} 2.098477{col 33}{space 2}  .067477{col 44}{space 1}   31.10{col 53}{space 3}0.000{col 61}{space 4} 1.966218{col 74}{space 3} 2.230736
{txt}{space 14}1998  {c |}{col 21}{res}{space 2} 2.123694{col 33}{space 2} .0681831{col 44}{space 1}   31.15{col 53}{space 3}0.000{col 61}{space 4} 1.990051{col 74}{space 3} 2.257337
{txt}{space 14}1999  {c |}{col 21}{res}{space 2} 2.201956{col 33}{space 2}  .069486{col 44}{space 1}   31.69{col 53}{space 3}0.000{col 61}{space 4} 2.065759{col 74}{space 3} 2.338153
{txt}{space 14}2000  {c |}{col 21}{res}{space 2} 2.231596{col 33}{space 2} .0713296{col 44}{space 1}   31.29{col 53}{space 3}0.000{col 61}{space 4} 2.091786{col 74}{space 3} 2.371406
{txt}{space 14}2001  {c |}{col 21}{res}{space 2} 2.308446{col 33}{space 2} .0727967{col 44}{space 1}   31.71{col 53}{space 3}0.000{col 61}{space 4}  2.16576{col 74}{space 3} 2.451132
{txt}{space 14}2002  {c |}{col 21}{res}{space 2} 2.390386{col 33}{space 2} .0740448{col 44}{space 1}   32.28{col 53}{space 3}0.000{col 61}{space 4} 2.245254{col 74}{space 3} 2.535518
{txt}{space 14}2003  {c |}{col 21}{res}{space 2} 2.508428{col 33}{space 2} .0754948{col 44}{space 1}   33.23{col 53}{space 3}0.000{col 61}{space 4} 2.360454{col 74}{space 3} 2.656403
{txt}{space 14}2004  {c |}{col 21}{res}{space 2} 2.601042{col 33}{space 2} .0773935{col 44}{space 1}   33.61{col 53}{space 3}0.000{col 61}{space 4} 2.449346{col 74}{space 3} 2.752738
{txt}{space 19} {c |}
{space 14}_cons {c |}{col 21}{res}{space 2} 19.90079{col 33}{space 2} .6590695{col 44}{space 1}   30.20{col 53}{space 3}0.000{col 61}{space 4} 18.60897{col 74}{space 3} 21.19261
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
            sigma_u {c |} {res} 4.2556377
            {txt}sigma_e {c |} {res} .82149272
                {txt}rho {c |} {res} .96407562{txt}   (fraction of variance due to u_i)
{hline 20}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.imposition##c.vdem $controls4 i.year, fe cl(dyad)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}   377,646
{txt}Group variable: {res}dyad{txt}{col 49}Number of groups{col 67}={col 69}{res}    23,810

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2726{col 63}{txt}min{col 67}={col 69}{res}         1
{txt}     Between = {res}0.0255{col 63}{txt}avg{col 67}={col 69}{res}      15.9
{txt}     Overall = {res}0.0205{col 63}{txt}max{col 67}={col 69}{res}        35

{txt}{col 49}F({res}45{txt}, {res}23809{txt}){col 67}={col 70}{res}   383.13
{txt}corr(u_i, Xb) = {res}-0.9462{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 85:(Std. err. adjusted for {res:23,810} clusters in {res:dyad})}
{hline 20}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 21}{c |}{col 33}    Robust
{col 1}        ckaopen2010{col 21}{c |} Coefficient{col 33}  std. err.{col 45}      t{col 53}   P>|t|{col 61}     [95% con{col 74}f. interval]
{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.imposition {c |}
{space 17}1  {c |}{col 21}{res}{space 2}-.3652801{col 33}{space 2} .0659065{col 44}{space 1}   -5.54{col 53}{space 3}0.000{col 61}{space 4}-.4944612{col 74}{space 3}-.2360991
{txt}{space 19} {c |}
{space 15}vdem {c |}{col 21}{res}{space 2}-.1860574{col 33}{space 2} .0289479{col 44}{space 1}   -6.43{col 53}{space 3}0.000{col 61}{space 4}-.2427971{col 74}{space 3}-.1293176
{txt}{space 19} {c |}
L.imposition#c.vdem {c |}
{space 17}1  {c |}{col 21}{res}{space 2} .4754102{col 33}{space 2} .1221347{col 44}{space 1}    3.89{col 53}{space 3}0.000{col 61}{space 4} .2360184{col 74}{space 3} .7148021
{txt}{space 19} {c |}
{space 9}log_gdppc1 {c |}{col 21}{res}{space 2} -.010035{col 33}{space 2} .0160622{col 44}{space 1}   -0.62{col 53}{space 3}0.532{col 61}{space 4}-.0415179{col 74}{space 3} .0214479
{txt}{space 9}log_gdppc2 {c |}{col 21}{res}{space 2} .1560516{col 33}{space 2} .0182309{col 44}{space 1}    8.56{col 53}{space 3}0.000{col 61}{space 4} .1203178{col 74}{space 3} .1917854
{txt}{space 11}log_pop1 {c |}{col 21}{res}{space 2} -.107785{col 33}{space 2} .0453371{col 44}{space 1}   -2.38{col 53}{space 3}0.017{col 61}{space 4}-.1966485{col 74}{space 3}-.0189214
{txt}{space 11}log_pop2 {c |}{col 21}{res}{space 2}-2.202472{col 33}{space 2} .0578686{col 44}{space 1}  -38.06{col 53}{space 3}0.000{col 61}{space 4}-2.315898{col 74}{space 3}-2.089045
{txt}{space 13}caprat {c |}{col 21}{res}{space 2} .1650298{col 33}{space 2} .0167177{col 44}{space 1}    9.87{col 53}{space 3}0.000{col 61}{space 4} .1322621{col 74}{space 3} .1977975
{txt}{space 7}dyad_balance {c |}{col 21}{res}{space 2}   .00574{col 33}{space 2} .0008706{col 44}{space 1}    6.59{col 53}{space 3}0.000{col 61}{space 4} .0040335{col 74}{space 3} .0074464
{txt}{space 16}peg {c |}{col 21}{res}{space 2}-.0289444{col 33}{space 2} .0094331{col 44}{space 1}   -3.07{col 53}{space 3}0.002{col 61}{space 4}-.0474339{col 74}{space 3}-.0104549
{txt}{space 11}underimf {c |}{col 21}{res}{space 2}-.0934346{col 33}{space 2} .0081665{col 44}{space 1}  -11.44{col 53}{space 3}0.000{col 61}{space 4}-.1094414{col 74}{space 3}-.0774278
{txt}{space 19} {c |}
{space 15}year {c |}
{space 14}1971  {c |}{col 21}{res}{space 2}  .108742{col 33}{space 2} .0082097{col 44}{space 1}   13.25{col 53}{space 3}0.000{col 61}{space 4} .0926505{col 74}{space 3} .1248335
{txt}{space 14}1972  {c |}{col 21}{res}{space 2}  .160438{col 33}{space 2} .0105153{col 44}{space 1}   15.26{col 53}{space 3}0.000{col 61}{space 4} .1398272{col 74}{space 3} .1810487
{txt}{space 14}1973  {c |}{col 21}{res}{space 2} .2802369{col 33}{space 2} .0129762{col 44}{space 1}   21.60{col 53}{space 3}0.000{col 61}{space 4} .2548026{col 74}{space 3} .3056711
{txt}{space 14}1974  {c |}{col 21}{res}{space 2} .3341111{col 33}{space 2} .0154778{col 44}{space 1}   21.59{col 53}{space 3}0.000{col 61}{space 4} .3037737{col 74}{space 3} .3644485
{txt}{space 14}1975  {c |}{col 21}{res}{space 2} .3733582{col 33}{space 2} .0173685{col 44}{space 1}   21.50{col 53}{space 3}0.000{col 61}{space 4} .3393148{col 74}{space 3} .4074016
{txt}{space 14}1976  {c |}{col 21}{res}{space 2} .3759577{col 33}{space 2}  .020264{col 44}{space 1}   18.55{col 53}{space 3}0.000{col 61}{space 4} .3362391{col 74}{space 3} .4156764
{txt}{space 14}1977  {c |}{col 21}{res}{space 2} .4703227{col 33}{space 2} .0225529{col 44}{space 1}   20.85{col 53}{space 3}0.000{col 61}{space 4} .4261175{col 74}{space 3} .5145278
{txt}{space 14}1978  {c |}{col 21}{res}{space 2}  .550896{col 33}{space 2} .0258593{col 44}{space 1}   21.30{col 53}{space 3}0.000{col 61}{space 4} .5002101{col 74}{space 3} .6015818
{txt}{space 14}1979  {c |}{col 21}{res}{space 2} .6592807{col 33}{space 2} .0286398{col 44}{space 1}   23.02{col 53}{space 3}0.000{col 61}{space 4}  .603145{col 74}{space 3} .7154165
{txt}{space 14}1980  {c |}{col 21}{res}{space 2} .6812893{col 33}{space 2} .0306132{col 44}{space 1}   22.25{col 53}{space 3}0.000{col 61}{space 4} .6212854{col 74}{space 3} .7412932
{txt}{space 14}1981  {c |}{col 21}{res}{space 2} .6676818{col 33}{space 2} .0336809{col 44}{space 1}   19.82{col 53}{space 3}0.000{col 61}{space 4} .6016652{col 74}{space 3} .7336984
{txt}{space 14}1982  {c |}{col 21}{res}{space 2} .6273602{col 33}{space 2} .0359101{col 44}{space 1}   17.47{col 53}{space 3}0.000{col 61}{space 4} .5569742{col 74}{space 3} .6977463
{txt}{space 14}1983  {c |}{col 21}{res}{space 2} .6790232{col 33}{space 2}   .03791{col 44}{space 1}   17.91{col 53}{space 3}0.000{col 61}{space 4} .6047172{col 74}{space 3} .7533292
{txt}{space 14}1984  {c |}{col 21}{res}{space 2} .7132207{col 33}{space 2} .0403612{col 44}{space 1}   17.67{col 53}{space 3}0.000{col 61}{space 4} .6341103{col 74}{space 3} .7923312
{txt}{space 14}1985  {c |}{col 21}{res}{space 2} .7623135{col 33}{space 2} .0422502{col 44}{space 1}   18.04{col 53}{space 3}0.000{col 61}{space 4} .6795005{col 74}{space 3} .8451266
{txt}{space 14}1986  {c |}{col 21}{res}{space 2}   .81773{col 33}{space 2} .0436547{col 44}{space 1}   18.73{col 53}{space 3}0.000{col 61}{space 4} .7321639{col 74}{space 3}  .903296
{txt}{space 14}1987  {c |}{col 21}{res}{space 2} .8559101{col 33}{space 2} .0453248{col 44}{space 1}   18.88{col 53}{space 3}0.000{col 61}{space 4} .7670707{col 74}{space 3} .9447496
{txt}{space 14}1988  {c |}{col 21}{res}{space 2} .9678909{col 33}{space 2} .0476085{col 44}{space 1}   20.33{col 53}{space 3}0.000{col 61}{space 4} .8745752{col 74}{space 3} 1.061207
{txt}{space 14}1989  {c |}{col 21}{res}{space 2}  1.03991{col 33}{space 2} .0495284{col 44}{space 1}   21.00{col 53}{space 3}0.000{col 61}{space 4} .9428309{col 74}{space 3} 1.136989
{txt}{space 14}1990  {c |}{col 21}{res}{space 2} 1.137932{col 33}{space 2} .0516626{col 44}{space 1}   22.03{col 53}{space 3}0.000{col 61}{space 4}  1.03667{col 74}{space 3} 1.239194
{txt}{space 14}1991  {c |}{col 21}{res}{space 2} 1.251796{col 33}{space 2} .0533184{col 44}{space 1}   23.48{col 53}{space 3}0.000{col 61}{space 4} 1.147288{col 74}{space 3} 1.356303
{txt}{space 14}1992  {c |}{col 21}{res}{space 2} 1.398842{col 33}{space 2} .0554475{col 44}{space 1}   25.23{col 53}{space 3}0.000{col 61}{space 4} 1.290161{col 74}{space 3} 1.507522
{txt}{space 14}1993  {c |}{col 21}{res}{space 2} 1.744594{col 33}{space 2} .0574819{col 44}{space 1}   30.35{col 53}{space 3}0.000{col 61}{space 4} 1.631926{col 74}{space 3} 1.857262
{txt}{space 14}1994  {c |}{col 21}{res}{space 2} 1.864556{col 33}{space 2} .0589623{col 44}{space 1}   31.62{col 53}{space 3}0.000{col 61}{space 4} 1.748986{col 74}{space 3} 1.980125
{txt}{space 14}1995  {c |}{col 21}{res}{space 2} 2.046643{col 33}{space 2}  .060446{col 44}{space 1}   33.86{col 53}{space 3}0.000{col 61}{space 4} 1.928165{col 74}{space 3} 2.165121
{txt}{space 14}1996  {c |}{col 21}{res}{space 2} 2.027214{col 33}{space 2} .0618914{col 44}{space 1}   32.75{col 53}{space 3}0.000{col 61}{space 4} 1.905903{col 74}{space 3} 2.148525
{txt}{space 14}1997  {c |}{col 21}{res}{space 2} 2.111662{col 33}{space 2} .0629555{col 44}{space 1}   33.54{col 53}{space 3}0.000{col 61}{space 4} 1.988265{col 74}{space 3} 2.235059
{txt}{space 14}1998  {c |}{col 21}{res}{space 2} 2.126332{col 33}{space 2} .0636942{col 44}{space 1}   33.38{col 53}{space 3}0.000{col 61}{space 4} 2.001487{col 74}{space 3} 2.251176
{txt}{space 14}1999  {c |}{col 21}{res}{space 2} 2.199556{col 33}{space 2} .0651051{col 44}{space 1}   33.78{col 53}{space 3}0.000{col 61}{space 4} 2.071945{col 74}{space 3} 2.327166
{txt}{space 14}2000  {c |}{col 21}{res}{space 2} 2.233829{col 33}{space 2} .0671028{col 44}{space 1}   33.29{col 53}{space 3}0.000{col 61}{space 4} 2.102303{col 74}{space 3} 2.365355
{txt}{space 14}2001  {c |}{col 21}{res}{space 2} 2.303923{col 33}{space 2} .0686394{col 44}{space 1}   33.57{col 53}{space 3}0.000{col 61}{space 4} 2.169385{col 74}{space 3} 2.438461
{txt}{space 14}2002  {c |}{col 21}{res}{space 2} 2.387881{col 33}{space 2} .0699862{col 44}{space 1}   34.12{col 53}{space 3}0.000{col 61}{space 4} 2.250704{col 74}{space 3} 2.525059
{txt}{space 14}2003  {c |}{col 21}{res}{space 2} 2.495827{col 33}{space 2} .0715216{col 44}{space 1}   34.90{col 53}{space 3}0.000{col 61}{space 4}  2.35564{col 74}{space 3} 2.636014
{txt}{space 14}2004  {c |}{col 21}{res}{space 2} 2.580684{col 33}{space 2}  .073536{col 44}{space 1}   35.09{col 53}{space 3}0.000{col 61}{space 4} 2.436549{col 74}{space 3} 2.724819
{txt}{space 19} {c |}
{space 14}_cons {c |}{col 21}{res}{space 2} 19.16893{col 33}{space 2} .7225146{col 44}{space 1}   26.53{col 53}{space 3}0.000{col 61}{space 4} 17.75275{col 74}{space 3}  20.5851
{txt}{hline 20}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
            sigma_u {c |} {res} 4.1234482
            {txt}sigma_e {c |} {res} .80415125
                {txt}rho {c |} {res} .96336101{txt}   (fraction of variance due to u_i)
{hline 20}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. use "Replication_ext.dta", clear
{txt}
{com}. 
. xtset ccode year
{res}
{col 1}{txt:Panel variable: }{res:ccode}{txt: (strongly balanced)}
{p 1 16 2}{txt:Time variable: }{res:year}{txt:, }{res:{bind:1965}}{txt: to }{res:{bind:2010}}{p_end}
{txt}{col 10}Delta: {res}1 unit
{txt}
{com}. 
. global controls1 targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg
{txt}
{com}. global controls2 targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg underimf
{txt}
{com}. 
. xtreg ckaopen2010 i.l.sanction_onset##i.democracy $controls1 i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     5,430
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2326{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0296{col 63}{txt}avg{col 67}={col 69}{res}      35.7
{txt}     Overall = {res}0.0244{col 63}{txt}max{col 67}={col 69}{res}        45

{txt}{col 49}F({res}52{txt}, {res}151{txt}){col 67}={col 70}{res}     6.70
{txt}corr(u_i, Xb) = {res}-0.9224{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4834462{col 40}{space 2} .0937077{col 51}{space 1}   -5.16{col 60}{space 3}0.000{col 68}{space 4}-.6685938{col 81}{space 3}-.2982987
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1259391{col 40}{space 2} .1546421{col 51}{space 1}   -0.81{col 60}{space 3}0.417{col 68}{space 4}-.4314809{col 81}{space 3} .1796027
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2} .6006508{col 40}{space 2} .1226181{col 51}{space 1}    4.90{col 60}{space 3}0.000{col 68}{space 4}  .358382{col 81}{space 3} .8429195
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2}-1.625094{col 40}{space 2} .4083891{col 51}{space 1}   -3.98{col 60}{space 3}0.000{col 68}{space 4}-2.431989{col 81}{space 3}-.8181995
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2} .2571514{col 40}{space 2} .1806791{col 51}{space 1}    1.42{col 60}{space 3}0.157{col 68}{space 4}-.0998342{col 81}{space 3}  .614137
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .6200072{col 40}{space 2} .2741039{col 51}{space 1}    2.26{col 60}{space 3}0.025{col 68}{space 4}  .078433{col 81}{space 3} 1.161581
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1586681{col 40}{space 2} .1385158{col 51}{space 1}    1.15{col 60}{space 3}0.254{col 68}{space 4}-.1150113{col 81}{space 3} .4323475
{txt}{space 23}peg {c |}{col 28}{res}{space 2}-.0542538{col 40}{space 2}  .095409{col 51}{space 1}   -0.57{col 60}{space 3}0.570{col 68}{space 4}-.2427628{col 81}{space 3} .1342551
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1967  {c |}{col 28}{res}{space 2} .4595177{col 40}{space 2} .1687373{col 51}{space 1}    2.72{col 60}{space 3}0.007{col 68}{space 4} .1261267{col 81}{space 3} .7929088
{txt}{space 21}1968  {c |}{col 28}{res}{space 2}  -.07988{col 40}{space 2} .0919177{col 51}{space 1}   -0.87{col 60}{space 3}0.386{col 68}{space 4}-.2614908{col 81}{space 3} .1017309
{txt}{space 21}1969  {c |}{col 28}{res}{space 2}-.0700505{col 40}{space 2} .0986294{col 51}{space 1}   -0.71{col 60}{space 3}0.479{col 68}{space 4}-.2649224{col 81}{space 3} .1248214
{txt}{space 21}1970  {c |}{col 28}{res}{space 2}-.0781739{col 40}{space 2} .1094425{col 51}{space 1}   -0.71{col 60}{space 3}0.476{col 68}{space 4}-.2944103{col 81}{space 3} .1380625
{txt}{space 21}1971  {c |}{col 28}{res}{space 2} .0367029{col 40}{space 2} .1242526{col 51}{space 1}    0.30{col 60}{space 3}0.768{col 68}{space 4}-.2087954{col 81}{space 3} .2822011
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .0484029{col 40}{space 2} .1305929{col 51}{space 1}    0.37{col 60}{space 3}0.711{col 68}{space 4}-.2096224{col 81}{space 3} .3064281
{txt}{space 21}1973  {c |}{col 28}{res}{space 2}  .130587{col 40}{space 2} .1421373{col 51}{space 1}    0.92{col 60}{space 3}0.360{col 68}{space 4}-.1502476{col 81}{space 3} .4114216
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .1601423{col 40}{space 2} .1796834{col 51}{space 1}    0.89{col 60}{space 3}0.374{col 68}{space 4}-.1948759{col 81}{space 3} .5151606
{txt}{space 21}1975  {c |}{col 28}{res}{space 2} .2253412{col 40}{space 2} .1817634{col 51}{space 1}    1.24{col 60}{space 3}0.217{col 68}{space 4}-.1337868{col 81}{space 3} .5844692
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .1916616{col 40}{space 2} .1871808{col 51}{space 1}    1.02{col 60}{space 3}0.308{col 68}{space 4}-.1781701{col 81}{space 3} .5614932
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .2637899{col 40}{space 2} .1984898{col 51}{space 1}    1.33{col 60}{space 3}0.186{col 68}{space 4}-.1283861{col 81}{space 3} .6559659
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3226707{col 40}{space 2} .2029155{col 51}{space 1}    1.59{col 60}{space 3}0.114{col 68}{space 4}-.0782494{col 81}{space 3} .7235909
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .2830031{col 40}{space 2} .2284885{col 51}{space 1}    1.24{col 60}{space 3}0.217{col 68}{space 4}-.1684442{col 81}{space 3} .7344503
{txt}{space 21}1980  {c |}{col 28}{res}{space 2}  .300476{col 40}{space 2} .2497003{col 51}{space 1}    1.20{col 60}{space 3}0.231{col 68}{space 4}-.1928817{col 81}{space 3} .7938336
{txt}{space 21}1981  {c |}{col 28}{res}{space 2} .2706938{col 40}{space 2} .2559419{col 51}{space 1}    1.06{col 60}{space 3}0.292{col 68}{space 4}-.2349959{col 81}{space 3} .7763836
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .2760869{col 40}{space 2} .2447677{col 51}{space 1}    1.13{col 60}{space 3}0.261{col 68}{space 4}-.2075248{col 81}{space 3} .7596987
{txt}{space 21}1983  {c |}{col 28}{res}{space 2} .2971032{col 40}{space 2} .2417415{col 51}{space 1}    1.23{col 60}{space 3}0.221{col 68}{space 4}-.1805294{col 81}{space 3} .7747357
{txt}{space 21}1984  {c |}{col 28}{res}{space 2} .3566879{col 40}{space 2} .2600923{col 51}{space 1}    1.37{col 60}{space 3}0.172{col 68}{space 4}-.1572023{col 81}{space 3}  .870578
{txt}{space 21}1985  {c |}{col 28}{res}{space 2} .4201194{col 40}{space 2} .2621148{col 51}{space 1}    1.60{col 60}{space 3}0.111{col 68}{space 4}-.0977667{col 81}{space 3} .9380055
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .4796643{col 40}{space 2} .2610021{col 51}{space 1}    1.84{col 60}{space 3}0.068{col 68}{space 4}-.0360233{col 81}{space 3}  .995352
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .4845132{col 40}{space 2} .2701235{col 51}{space 1}    1.79{col 60}{space 3}0.075{col 68}{space 4}-.0491966{col 81}{space 3} 1.018223
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .5709384{col 40}{space 2}  .280902{col 51}{space 1}    2.03{col 60}{space 3}0.044{col 68}{space 4} .0159326{col 81}{space 3} 1.125944
{txt}{space 21}1989  {c |}{col 28}{res}{space 2} .6091044{col 40}{space 2} .2899655{col 51}{space 1}    2.10{col 60}{space 3}0.037{col 68}{space 4} .0361909{col 81}{space 3} 1.182018
{txt}{space 21}1990  {c |}{col 28}{res}{space 2} .6439974{col 40}{space 2} .3050095{col 51}{space 1}    2.11{col 60}{space 3}0.036{col 68}{space 4} .0413599{col 81}{space 3} 1.246635
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .7570438{col 40}{space 2} .3062836{col 51}{space 1}    2.47{col 60}{space 3}0.015{col 68}{space 4} .1518889{col 81}{space 3} 1.362199
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .8476083{col 40}{space 2} .3100729{col 51}{space 1}    2.73{col 60}{space 3}0.007{col 68}{space 4} .2349667{col 81}{space 3}  1.46025
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.103414{col 40}{space 2} .3205076{col 51}{space 1}    3.44{col 60}{space 3}0.001{col 68}{space 4} .4701558{col 81}{space 3} 1.736673
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.252736{col 40}{space 2} .3279164{col 51}{space 1}    3.82{col 60}{space 3}0.000{col 68}{space 4} .6048396{col 81}{space 3} 1.900633
{txt}{space 21}1995  {c |}{col 28}{res}{space 2}  1.41088{col 40}{space 2} .3357275{col 51}{space 1}    4.20{col 60}{space 3}0.000{col 68}{space 4} .7475498{col 81}{space 3}  2.07421
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.319235{col 40}{space 2} .3646589{col 51}{space 1}    3.62{col 60}{space 3}0.000{col 68}{space 4} .5987419{col 81}{space 3} 2.039727
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.406965{col 40}{space 2} .3605933{col 51}{space 1}    3.90{col 60}{space 3}0.000{col 68}{space 4} .6945049{col 81}{space 3} 2.119425
{txt}{space 21}1998  {c |}{col 28}{res}{space 2} 1.473711{col 40}{space 2} .3672056{col 51}{space 1}    4.01{col 60}{space 3}0.000{col 68}{space 4} .7481861{col 81}{space 3} 2.199235
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.552238{col 40}{space 2} .3723568{col 51}{space 1}    4.17{col 60}{space 3}0.000{col 68}{space 4} .8165356{col 81}{space 3}  2.28794
{txt}{space 21}2000  {c |}{col 28}{res}{space 2} 1.571584{col 40}{space 2} .3807951{col 51}{space 1}    4.13{col 60}{space 3}0.000{col 68}{space 4} .8192097{col 81}{space 3} 2.323959
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.638449{col 40}{space 2} .3862846{col 51}{space 1}    4.24{col 60}{space 3}0.000{col 68}{space 4} .8752282{col 81}{space 3}  2.40167
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.683521{col 40}{space 2} .3946023{col 51}{space 1}    4.27{col 60}{space 3}0.000{col 68}{space 4} .9038657{col 81}{space 3} 2.463175
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.757641{col 40}{space 2} .4046689{col 51}{space 1}    4.34{col 60}{space 3}0.000{col 68}{space 4} .9580962{col 81}{space 3} 2.557185
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.800922{col 40}{space 2} .4231376{col 51}{space 1}    4.26{col 60}{space 3}0.000{col 68}{space 4} .9648874{col 81}{space 3} 2.636957
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.735995{col 40}{space 2} .4387665{col 51}{space 1}    3.96{col 60}{space 3}0.000{col 68}{space 4} .8690804{col 81}{space 3} 2.602909
{txt}{space 21}2006  {c |}{col 28}{res}{space 2} 1.791361{col 40}{space 2} .4572095{col 51}{space 1}    3.92{col 60}{space 3}0.000{col 68}{space 4} .8880067{col 81}{space 3} 2.694715
{txt}{space 21}2007  {c |}{col 28}{res}{space 2} 1.778062{col 40}{space 2}  .469142{col 51}{space 1}    3.79{col 60}{space 3}0.000{col 68}{space 4} .8511321{col 81}{space 3} 2.704993
{txt}{space 21}2008  {c |}{col 28}{res}{space 2} 1.852307{col 40}{space 2} .4940498{col 51}{space 1}    3.75{col 60}{space 3}0.000{col 68}{space 4}  .876164{col 81}{space 3}  2.82845
{txt}{space 21}2009  {c |}{col 28}{res}{space 2} 1.801622{col 40}{space 2} .4783319{col 51}{space 1}    3.77{col 60}{space 3}0.000{col 68}{space 4} .8565346{col 81}{space 3}  2.74671
{txt}{space 21}2010  {c |}{col 28}{res}{space 2} 1.776667{col 40}{space 2} .4891128{col 51}{space 1}    3.63{col 60}{space 3}0.000{col 68}{space 4} .8102787{col 81}{space 3} 2.743056
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .3537793{col 40}{space 2} 1.974273{col 51}{space 1}    0.18{col 60}{space 3}0.858{col 68}{space 4}-3.546987{col 81}{space 3} 4.254546
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2211418
                   {txt}sigma_e {c |} {res} .89310448
                       {txt}rho {c |} {res} .92861293{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##i.democracy $controls2 i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,514
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2200{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0257{col 63}{txt}avg{col 67}={col 69}{res}      29.7
{txt}     Overall = {res}0.0185{col 63}{txt}max{col 67}={col 69}{res}        37

{txt}{col 49}F({res}45{txt}, {res}151{txt}){col 67}={col 70}{res}     5.90
{txt}corr(u_i, Xb) = {res}-0.9242{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 92:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 27}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 28}{c |}{col 40}    Robust
{col 1}               ckaopen2010{col 28}{c |} Coefficient{col 40}  std. err.{col 52}      t{col 60}   P>|t|{col 68}     [95% con{col 81}f. interval]
{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.sanction_onset {c |}
{space 24}1  {c |}{col 28}{res}{space 2}-.4019041{col 40}{space 2} .0959363{col 51}{space 1}   -4.19{col 60}{space 3}0.000{col 68}{space 4}-.5914549{col 81}{space 3}-.2123532
{txt}{space 26} {c |}
{space 15}1.democracy {c |}{col 28}{res}{space 2}-.1566659{col 40}{space 2} .1552794{col 51}{space 1}   -1.01{col 60}{space 3}0.315{col 68}{space 4}-.4634667{col 81}{space 3}  .150135
{txt}{space 26} {c |}
L.sanction_onset#democracy {c |}
{space 22}1 1  {c |}{col 28}{res}{space 2} .5387779{col 40}{space 2} .1361492{col 51}{space 1}    3.96{col 60}{space 3}0.000{col 68}{space 4} .2697744{col 81}{space 3} .8077813
{txt}{space 26} {c |}
{space 14}targ_pop_log {c |}{col 28}{res}{space 2}-1.646354{col 40}{space 2}  .457425{col 51}{space 1}   -3.60{col 60}{space 3}0.000{col 68}{space 4}-2.550134{col 81}{space 3}-.7425741
{txt}{space 12}targ_gdppc_log {c |}{col 28}{res}{space 2}   .20097{col 40}{space 2} .2225908{col 51}{space 1}    0.90{col 60}{space 3}0.368{col 68}{space 4}-.2388246{col 81}{space 3} .6407645
{txt}{space 12}targ_gdpgrowth {c |}{col 28}{res}{space 2} .6195385{col 40}{space 2} .2733044{col 51}{space 1}    2.27{col 60}{space 3}0.025{col 68}{space 4} .0795439{col 81}{space 3} 1.159533
{txt}{space 14}lntrade_open {c |}{col 28}{res}{space 2} .1662276{col 40}{space 2} .1487507{col 51}{space 1}    1.12{col 60}{space 3}0.266{col 68}{space 4}-.1276739{col 81}{space 3} .4601291
{txt}{space 23}peg {c |}{col 28}{res}{space 2} -.087578{col 40}{space 2} .0964311{col 51}{space 1}   -0.91{col 60}{space 3}0.365{col 68}{space 4}-.2781064{col 81}{space 3} .1029504
{txt}{space 18}underimf {c |}{col 28}{res}{space 2}-.0281606{col 40}{space 2} .0774115{col 51}{space 1}   -0.36{col 60}{space 3}0.717{col 68}{space 4}  -.18111{col 81}{space 3} .1247889
{txt}{space 26} {c |}
{space 22}year {c |}
{space 21}1971  {c |}{col 28}{res}{space 2} .1143185{col 40}{space 2} .0611955{col 51}{space 1}    1.87{col 60}{space 3}0.064{col 68}{space 4}-.0065916{col 81}{space 3} .2352286
{txt}{space 21}1972  {c |}{col 28}{res}{space 2} .1208058{col 40}{space 2} .0689728{col 51}{space 1}    1.75{col 60}{space 3}0.082{col 68}{space 4}-.0154705{col 81}{space 3} .2570821
{txt}{space 21}1973  {c |}{col 28}{res}{space 2} .2005215{col 40}{space 2} .0876782{col 51}{space 1}    2.29{col 60}{space 3}0.024{col 68}{space 4}  .027287{col 81}{space 3} .3737561
{txt}{space 21}1974  {c |}{col 28}{res}{space 2} .2022909{col 40}{space 2} .1304773{col 51}{space 1}    1.55{col 60}{space 3}0.123{col 68}{space 4} -.055506{col 81}{space 3} .4600877
{txt}{space 21}1975  {c |}{col 28}{res}{space 2} .2678239{col 40}{space 2} .1336122{col 51}{space 1}    2.00{col 60}{space 3}0.047{col 68}{space 4} .0038331{col 81}{space 3} .5318148
{txt}{space 21}1976  {c |}{col 28}{res}{space 2} .2384189{col 40}{space 2} .1398775{col 51}{space 1}    1.70{col 60}{space 3}0.090{col 68}{space 4}-.0379509{col 81}{space 3} .5147887
{txt}{space 21}1977  {c |}{col 28}{res}{space 2} .3084425{col 40}{space 2} .1527691{col 51}{space 1}    2.02{col 60}{space 3}0.045{col 68}{space 4} .0066016{col 81}{space 3} .6102835
{txt}{space 21}1978  {c |}{col 28}{res}{space 2} .3852882{col 40}{space 2} .1678776{col 51}{space 1}    2.30{col 60}{space 3}0.023{col 68}{space 4} .0535958{col 81}{space 3} .7169806
{txt}{space 21}1979  {c |}{col 28}{res}{space 2} .3625382{col 40}{space 2} .1954541{col 51}{space 1}    1.85{col 60}{space 3}0.066{col 68}{space 4}-.0236398{col 81}{space 3} .7487161
{txt}{space 21}1980  {c |}{col 28}{res}{space 2} .3741102{col 40}{space 2}  .219782{col 51}{space 1}    1.70{col 60}{space 3}0.091{col 68}{space 4}-.0601349{col 81}{space 3} .8083553
{txt}{space 21}1981  {c |}{col 28}{res}{space 2}  .343524{col 40}{space 2} .2265398{col 51}{space 1}    1.52{col 60}{space 3}0.132{col 68}{space 4}-.1040731{col 81}{space 3} .7911211
{txt}{space 21}1982  {c |}{col 28}{res}{space 2} .3456341{col 40}{space 2} .2133333{col 51}{space 1}    1.62{col 60}{space 3}0.107{col 68}{space 4}-.0758695{col 81}{space 3} .7671378
{txt}{space 21}1983  {c |}{col 28}{res}{space 2}  .369186{col 40}{space 2} .2132498{col 51}{space 1}    1.73{col 60}{space 3}0.085{col 68}{space 4}-.0521528{col 81}{space 3} .7905249
{txt}{space 21}1984  {c |}{col 28}{res}{space 2}  .427504{col 40}{space 2} .2270817{col 51}{space 1}    1.88{col 60}{space 3}0.062{col 68}{space 4}-.0211638{col 81}{space 3} .8761717
{txt}{space 21}1985  {c |}{col 28}{res}{space 2} .4925769{col 40}{space 2} .2300535{col 51}{space 1}    2.14{col 60}{space 3}0.034{col 68}{space 4} .0380375{col 81}{space 3} .9471164
{txt}{space 21}1986  {c |}{col 28}{res}{space 2} .5550145{col 40}{space 2} .2288537{col 51}{space 1}    2.43{col 60}{space 3}0.016{col 68}{space 4} .1028455{col 81}{space 3} 1.007183
{txt}{space 21}1987  {c |}{col 28}{res}{space 2} .5593926{col 40}{space 2} .2390016{col 51}{space 1}    2.34{col 60}{space 3}0.021{col 68}{space 4} .0871735{col 81}{space 3} 1.031612
{txt}{space 21}1988  {c |}{col 28}{res}{space 2} .6452652{col 40}{space 2} .2531566{col 51}{space 1}    2.55{col 60}{space 3}0.012{col 68}{space 4} .1450786{col 81}{space 3} 1.145452
{txt}{space 21}1989  {c |}{col 28}{res}{space 2}  .685386{col 40}{space 2} .2637813{col 51}{space 1}    2.60{col 60}{space 3}0.010{col 68}{space 4} .1642072{col 81}{space 3} 1.206565
{txt}{space 21}1990  {c |}{col 28}{res}{space 2} .7208925{col 40}{space 2} .2819334{col 51}{space 1}    2.56{col 60}{space 3}0.012{col 68}{space 4} .1638488{col 81}{space 3} 1.277936
{txt}{space 21}1991  {c |}{col 28}{res}{space 2} .8344876{col 40}{space 2}  .286226{col 51}{space 1}    2.92{col 60}{space 3}0.004{col 68}{space 4} .2689625{col 81}{space 3} 1.400013
{txt}{space 21}1992  {c |}{col 28}{res}{space 2} .9280602{col 40}{space 2} .2952224{col 51}{space 1}    3.14{col 60}{space 3}0.002{col 68}{space 4} .3447602{col 81}{space 3}  1.51136
{txt}{space 21}1993  {c |}{col 28}{res}{space 2} 1.180846{col 40}{space 2} .3051094{col 51}{space 1}    3.87{col 60}{space 3}0.000{col 68}{space 4} .5780116{col 81}{space 3} 1.783681
{txt}{space 21}1994  {c |}{col 28}{res}{space 2} 1.333138{col 40}{space 2} .3122217{col 51}{space 1}    4.27{col 60}{space 3}0.000{col 68}{space 4} .7162512{col 81}{space 3} 1.950026
{txt}{space 21}1995  {c |}{col 28}{res}{space 2} 1.488844{col 40}{space 2} .3199803{col 51}{space 1}    4.65{col 60}{space 3}0.000{col 68}{space 4} .8566271{col 81}{space 3} 2.121061
{txt}{space 21}1996  {c |}{col 28}{res}{space 2} 1.399989{col 40}{space 2} .3556324{col 51}{space 1}    3.94{col 60}{space 3}0.000{col 68}{space 4} .6973314{col 81}{space 3} 2.102647
{txt}{space 21}1997  {c |}{col 28}{res}{space 2} 1.494082{col 40}{space 2}  .352853{col 51}{space 1}    4.23{col 60}{space 3}0.000{col 68}{space 4} .7969157{col 81}{space 3} 2.191249
{txt}{space 21}1998  {c |}{col 28}{res}{space 2} 1.559457{col 40}{space 2} .3592324{col 51}{space 1}    4.34{col 60}{space 3}0.000{col 68}{space 4} .8496856{col 81}{space 3} 2.269228
{txt}{space 21}1999  {c |}{col 28}{res}{space 2} 1.639743{col 40}{space 2}  .364776{col 51}{space 1}    4.50{col 60}{space 3}0.000{col 68}{space 4} .9190192{col 81}{space 3} 2.360467
{txt}{space 21}2000  {c |}{col 28}{res}{space 2}  1.66145{col 40}{space 2} .3733698{col 51}{space 1}    4.45{col 60}{space 3}0.000{col 68}{space 4} .9237467{col 81}{space 3} 2.399154
{txt}{space 21}2001  {c |}{col 28}{res}{space 2} 1.727905{col 40}{space 2} .3801564{col 51}{space 1}    4.55{col 60}{space 3}0.000{col 68}{space 4} .9767922{col 81}{space 3} 2.479018
{txt}{space 21}2002  {c |}{col 28}{res}{space 2} 1.778785{col 40}{space 2} .3884418{col 51}{space 1}    4.58{col 60}{space 3}0.000{col 68}{space 4} 1.011302{col 81}{space 3} 2.546268
{txt}{space 21}2003  {c |}{col 28}{res}{space 2} 1.852202{col 40}{space 2} .3992037{col 51}{space 1}    4.64{col 60}{space 3}0.000{col 68}{space 4} 1.063456{col 81}{space 3} 2.640949
{txt}{space 21}2004  {c |}{col 28}{res}{space 2} 1.892145{col 40}{space 2} .4171397{col 51}{space 1}    4.54{col 60}{space 3}0.000{col 68}{space 4} 1.067961{col 81}{space 3}  2.71633
{txt}{space 21}2005  {c |}{col 28}{res}{space 2} 1.828388{col 40}{space 2} .4275295{col 51}{space 1}    4.28{col 60}{space 3}0.000{col 68}{space 4} .9836758{col 81}{space 3} 2.673101
{txt}{space 21}2006  {c |}{col 28}{res}{space 2} 1.888312{col 40}{space 2} .4474012{col 51}{space 1}    4.22{col 60}{space 3}0.000{col 68}{space 4} 1.004338{col 81}{space 3} 2.772287
{txt}{space 26} {c |}
{space 21}_cons {c |}{col 28}{res}{space 2} .8053543{col 40}{space 2} 2.438393{col 51}{space 1}    0.33{col 60}{space 3}0.742{col 68}{space 4}-4.012421{col 81}{space 3} 5.623129
{txt}{hline 27}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                   sigma_u {c |} {res} 3.2525636
                   {txt}sigma_e {c |} {res} .86010858
                       {txt}rho {c |} {res} .93464179{txt}   (fraction of variance due to u_i)
{hline 27}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##c.vdem $controls1 i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     5,273
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2471{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0749{col 63}{txt}avg{col 67}={col 69}{res}      36.4
{txt}     Overall = {res}0.0518{col 63}{txt}max{col 67}={col 69}{res}        45

{txt}{col 49}F({res}52{txt}, {res}144{txt}){col 67}={col 70}{res}     6.37
{txt}corr(u_i, Xb) = {res}-0.9056{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.6420578{col 37}{space 2} .1271438{col 48}{space 1}   -5.05{col 57}{space 3}0.000{col 65}{space 4}-.8933671{col 78}{space 3}-.3907485
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2}-.1153668{col 37}{space 2} .3579877{col 48}{space 1}   -0.32{col 57}{space 3}0.748{col 65}{space 4}-.8229564{col 78}{space 3} .5922228
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2} .9561151{col 37}{space 2} .2237415{col 48}{space 1}    4.27{col 57}{space 3}0.000{col 65}{space 4} .5138732{col 78}{space 3} 1.398357
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.657394{col 37}{space 2} .4123952{col 48}{space 1}   -4.02{col 57}{space 3}0.000{col 65}{space 4}-2.472524{col 78}{space 3}-.8422643
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2978074{col 37}{space 2} .1768488{col 48}{space 1}    1.68{col 57}{space 3}0.094{col 65}{space 4}-.0517476{col 78}{space 3} .6473624
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4569795{col 37}{space 2} .2602309{col 48}{space 1}    1.76{col 57}{space 3}0.081{col 65}{space 4}-.0573863{col 78}{space 3} .9713453
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0876636{col 37}{space 2} .1361988{col 48}{space 1}    0.64{col 57}{space 3}0.521{col 65}{space 4}-.1815435{col 78}{space 3} .3568707
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.0662439{col 37}{space 2}  .094204{col 48}{space 1}   -0.70{col 57}{space 3}0.483{col 65}{space 4}-.2524451{col 78}{space 3} .1199574
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1967  {c |}{col 25}{res}{space 2} .4487189{col 37}{space 2} .1665128{col 48}{space 1}    2.69{col 57}{space 3}0.008{col 65}{space 4} .1195939{col 78}{space 3} .7778439
{txt}{space 18}1968  {c |}{col 25}{res}{space 2}-.0713188{col 37}{space 2} .0894837{col 48}{space 1}   -0.80{col 57}{space 3}0.427{col 65}{space 4}-.2481901{col 78}{space 3} .1055525
{txt}{space 18}1969  {c |}{col 25}{res}{space 2}-.0624793{col 37}{space 2} .0967244{col 48}{space 1}   -0.65{col 57}{space 3}0.519{col 65}{space 4}-.2536624{col 78}{space 3} .1287038
{txt}{space 18}1970  {c |}{col 25}{res}{space 2} -.051272{col 37}{space 2} .1070233{col 48}{space 1}   -0.48{col 57}{space 3}0.633{col 65}{space 4}-.2628117{col 78}{space 3} .1602676
{txt}{space 18}1971  {c |}{col 25}{res}{space 2} .0845535{col 37}{space 2} .1209225{col 48}{space 1}    0.70{col 57}{space 3}0.486{col 65}{space 4}-.1544588{col 78}{space 3} .3235658
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1012269{col 37}{space 2} .1287065{col 48}{space 1}    0.79{col 57}{space 3}0.433{col 65}{space 4}-.1531712{col 78}{space 3} .3556249
{txt}{space 18}1973  {c |}{col 25}{res}{space 2} .1954466{col 37}{space 2} .1383487{col 48}{space 1}    1.41{col 57}{space 3}0.160{col 65}{space 4}  -.07801{col 78}{space 3} .4689032
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2472402{col 37}{space 2} .1741839{col 48}{space 1}    1.42{col 57}{space 3}0.158{col 65}{space 4}-.0970474{col 78}{space 3} .5915277
{txt}{space 18}1975  {c |}{col 25}{res}{space 2}  .272422{col 37}{space 2} .1797337{col 48}{space 1}    1.52{col 57}{space 3}0.132{col 65}{space 4}-.0828352{col 78}{space 3} .6276792
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2415909{col 37}{space 2} .1849921{col 48}{space 1}    1.31{col 57}{space 3}0.194{col 65}{space 4}-.1240598{col 78}{space 3} .6072416
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3084488{col 37}{space 2} .1983073{col 48}{space 1}    1.56{col 57}{space 3}0.122{col 65}{space 4}-.0835205{col 78}{space 3} .7004182
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .3785154{col 37}{space 2} .2040064{col 48}{space 1}    1.86{col 57}{space 3}0.066{col 65}{space 4}-.0247186{col 78}{space 3} .7817495
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .3634834{col 37}{space 2} .2277075{col 48}{space 1}    1.60{col 57}{space 3}0.113{col 65}{space 4}-.0865975{col 78}{space 3} .8135644
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .3953441{col 37}{space 2}  .247096{col 48}{space 1}    1.60{col 57}{space 3}0.112{col 65}{space 4}-.0930596{col 78}{space 3} .8837478
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .3454212{col 37}{space 2} .2522622{col 48}{space 1}    1.37{col 57}{space 3}0.173{col 65}{space 4}-.1531939{col 78}{space 3} .8440364
{txt}{space 18}1982  {c |}{col 25}{res}{space 2} .3313239{col 37}{space 2} .2401214{col 48}{space 1}    1.38{col 57}{space 3}0.170{col 65}{space 4}-.1432941{col 78}{space 3} .8059419
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .3462128{col 37}{space 2} .2384545{col 48}{space 1}    1.45{col 57}{space 3}0.149{col 65}{space 4}-.1251105{col 78}{space 3} .8175361
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .3948633{col 37}{space 2} .2583629{col 48}{space 1}    1.53{col 57}{space 3}0.129{col 65}{space 4}-.1158103{col 78}{space 3} .9055369
{txt}{space 18}1985  {c |}{col 25}{res}{space 2}  .458773{col 37}{space 2} .2611034{col 48}{space 1}    1.76{col 57}{space 3}0.081{col 65}{space 4}-.0573174{col 78}{space 3} .9748634
{txt}{space 18}1986  {c |}{col 25}{res}{space 2} .5113197{col 37}{space 2} .2611424{col 48}{space 1}    1.96{col 57}{space 3}0.052{col 65}{space 4}-.0048479{col 78}{space 3} 1.027487
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .5194405{col 37}{space 2} .2703074{col 48}{space 1}    1.92{col 57}{space 3}0.057{col 65}{space 4}-.0148424{col 78}{space 3} 1.053723
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .6103737{col 37}{space 2} .2828462{col 48}{space 1}    2.16{col 57}{space 3}0.033{col 65}{space 4}  .051307{col 78}{space 3}  1.16944
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .6533694{col 37}{space 2} .2917861{col 48}{space 1}    2.24{col 57}{space 3}0.027{col 65}{space 4} .0766322{col 78}{space 3} 1.230107
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .6938291{col 37}{space 2} .3075308{col 48}{space 1}    2.26{col 57}{space 3}0.026{col 65}{space 4} .0859713{col 78}{space 3} 1.301687
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .8055028{col 37}{space 2} .3091762{col 48}{space 1}    2.61{col 57}{space 3}0.010{col 65}{space 4} .1943929{col 78}{space 3} 1.416613
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} .9128927{col 37}{space 2} .3134005{col 48}{space 1}    2.91{col 57}{space 3}0.004{col 65}{space 4} .2934331{col 78}{space 3} 1.532352
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.163441{col 37}{space 2} .3269844{col 48}{space 1}    3.56{col 57}{space 3}0.001{col 65}{space 4} .5171316{col 78}{space 3}  1.80975
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.305524{col 37}{space 2} .3348674{col 48}{space 1}    3.90{col 57}{space 3}0.000{col 65}{space 4} .6436337{col 78}{space 3} 1.967415
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.491627{col 37}{space 2} .3444877{col 48}{space 1}    4.33{col 57}{space 3}0.000{col 65}{space 4} .8107215{col 78}{space 3} 2.172533
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.481679{col 37}{space 2} .3707081{col 48}{space 1}    4.00{col 57}{space 3}0.000{col 65}{space 4} .7489466{col 78}{space 3} 2.214412
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.553699{col 37}{space 2} .3661884{col 48}{space 1}    4.24{col 57}{space 3}0.000{col 65}{space 4} .8298997{col 78}{space 3} 2.277498
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.606158{col 37}{space 2} .3737692{col 48}{space 1}    4.30{col 57}{space 3}0.000{col 65}{space 4} .8673748{col 78}{space 3} 2.344941
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.679979{col 37}{space 2} .3796573{col 48}{space 1}    4.42{col 57}{space 3}0.000{col 65}{space 4}  .929558{col 78}{space 3}   2.4304
{txt}{space 18}2000  {c |}{col 25}{res}{space 2}  1.71258{col 37}{space 2} .3871072{col 48}{space 1}    4.42{col 57}{space 3}0.000{col 65}{space 4} .9474339{col 78}{space 3} 2.477727
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.787611{col 37}{space 2} .3933765{col 48}{space 1}    4.54{col 57}{space 3}0.000{col 65}{space 4} 1.010073{col 78}{space 3} 2.565149
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 1.845657{col 37}{space 2} .4014111{col 48}{space 1}    4.60{col 57}{space 3}0.000{col 65}{space 4} 1.052238{col 78}{space 3} 2.639076
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 1.925057{col 37}{space 2} .4121902{col 48}{space 1}    4.67{col 57}{space 3}0.000{col 65}{space 4} 1.110332{col 78}{space 3} 2.739782
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 1.970745{col 37}{space 2} .4299604{col 48}{space 1}    4.58{col 57}{space 3}0.000{col 65}{space 4} 1.120896{col 78}{space 3} 2.820594
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 1.899141{col 37}{space 2} .4502119{col 48}{space 1}    4.22{col 57}{space 3}0.000{col 65}{space 4} 1.009264{col 78}{space 3} 2.789019
{txt}{space 18}2006  {c |}{col 25}{res}{space 2} 1.970822{col 37}{space 2} .4668457{col 48}{space 1}    4.22{col 57}{space 3}0.000{col 65}{space 4} 1.048066{col 78}{space 3} 2.893578
{txt}{space 18}2007  {c |}{col 25}{res}{space 2} 1.966897{col 37}{space 2} .4788512{col 48}{space 1}    4.11{col 57}{space 3}0.000{col 65}{space 4} 1.020411{col 78}{space 3} 2.913382
{txt}{space 18}2008  {c |}{col 25}{res}{space 2} 2.050997{col 37}{space 2} .5039863{col 48}{space 1}    4.07{col 57}{space 3}0.000{col 65}{space 4}  1.05483{col 78}{space 3} 3.047163
{txt}{space 18}2009  {c |}{col 25}{res}{space 2} 1.977252{col 37}{space 2} .4880434{col 48}{space 1}    4.05{col 57}{space 3}0.000{col 65}{space 4} 1.012598{col 78}{space 3} 2.941906
{txt}{space 18}2010  {c |}{col 25}{res}{space 2} 1.974963{col 37}{space 2} .4985014{col 48}{space 1}    3.96{col 57}{space 3}0.000{col 65}{space 4} .9896373{col 78}{space 3} 2.960288
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .1678423{col 37}{space 2} 1.973559{col 48}{space 1}    0.09{col 57}{space 3}0.932{col 65}{space 4}-3.733045{col 78}{space 3} 4.068729
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} 2.8501533
                {txt}sigma_e {c |} {res} .89246323
                    {txt}rho {c |} {res} .91070598{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.sanction_onset##c.vdem $controls2 i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,373
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2389{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0594{col 63}{txt}avg{col 67}={col 69}{res}      30.2
{txt}     Overall = {res}0.0378{col 63}{txt}max{col 67}={col 69}{res}        37

{txt}{col 49}F({res}45{txt}, {res}144{txt}){col 67}={col 70}{res}     5.46
{txt}corr(u_i, Xb) = {res}-0.9128{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 89:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 24}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 25}{c |}{col 37}    Robust
{col 1}            ckaopen2010{col 25}{c |} Coefficient{col 37}  std. err.{col 49}      t{col 57}   P>|t|{col 65}     [95% con{col 78}f. interval]
{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.sanction_onset {c |}
{space 21}1  {c |}{col 25}{res}{space 2}-.5396995{col 37}{space 2}  .123673{col 48}{space 1}   -4.36{col 57}{space 3}0.000{col 65}{space 4}-.7841485{col 78}{space 3}-.2952505
{txt}{space 23} {c |}
{space 19}vdem {c |}{col 25}{res}{space 2} -.159876{col 37}{space 2}  .333993{col 48}{space 1}   -0.48{col 57}{space 3}0.633{col 65}{space 4}-.8200382{col 78}{space 3} .5002862
{txt}{space 23} {c |}
L.sanction_onset#c.vdem {c |}
{space 21}1  {c |}{col 25}{res}{space 2}  .831006{col 37}{space 2} .2311829{col 48}{space 1}    3.59{col 57}{space 3}0.000{col 65}{space 4} .3740557{col 78}{space 3} 1.287956
{txt}{space 23} {c |}
{space 11}targ_pop_log {c |}{col 25}{res}{space 2}-1.740288{col 37}{space 2} .4563738{col 48}{space 1}   -3.81{col 57}{space 3}0.000{col 65}{space 4}-2.642345{col 78}{space 3} -.838231
{txt}{space 9}targ_gdppc_log {c |}{col 25}{res}{space 2} .2359219{col 37}{space 2} .2123287{col 48}{space 1}    1.11{col 57}{space 3}0.268{col 65}{space 4}-.1837616{col 78}{space 3} .6556055
{txt}{space 9}targ_gdpgrowth {c |}{col 25}{res}{space 2} .4958593{col 37}{space 2} .2629415{col 48}{space 1}    1.89{col 57}{space 3}0.061{col 65}{space 4}-.0238643{col 78}{space 3} 1.015583
{txt}{space 11}lntrade_open {c |}{col 25}{res}{space 2} .0643369{col 37}{space 2} .1384635{col 48}{space 1}    0.46{col 57}{space 3}0.643{col 65}{space 4}-.2093466{col 78}{space 3} .3380204
{txt}{space 20}peg {c |}{col 25}{res}{space 2}-.0965944{col 37}{space 2} .0954143{col 48}{space 1}   -1.01{col 57}{space 3}0.313{col 65}{space 4} -.285188{col 78}{space 3} .0919992
{txt}{space 15}underimf {c |}{col 25}{res}{space 2}-.0457478{col 37}{space 2}  .075727{col 48}{space 1}   -0.60{col 57}{space 3}0.547{col 65}{space 4} -.195428{col 78}{space 3} .1039324
{txt}{space 23} {c |}
{space 19}year {c |}
{space 18}1971  {c |}{col 25}{res}{space 2}  .113616{col 37}{space 2} .0593264{col 48}{space 1}    1.92{col 57}{space 3}0.057{col 65}{space 4} -.003647{col 78}{space 3}  .230879
{txt}{space 18}1972  {c |}{col 25}{res}{space 2} .1313838{col 37}{space 2}  .069707{col 48}{space 1}    1.88{col 57}{space 3}0.061{col 65}{space 4}-.0063973{col 78}{space 3} .2691648
{txt}{space 18}1973  {c |}{col 25}{res}{space 2} .2326074{col 37}{space 2} .0868013{col 48}{space 1}    2.68{col 57}{space 3}0.008{col 65}{space 4} .0610381{col 78}{space 3} .4041766
{txt}{space 18}1974  {c |}{col 25}{res}{space 2} .2717484{col 37}{space 2} .1256726{col 48}{space 1}    2.16{col 57}{space 3}0.032{col 65}{space 4} .0233472{col 78}{space 3} .5201497
{txt}{space 18}1975  {c |}{col 25}{res}{space 2} .3186353{col 37}{space 2} .1273093{col 48}{space 1}    2.50{col 57}{space 3}0.013{col 65}{space 4} .0669989{col 78}{space 3} .5702718
{txt}{space 18}1976  {c |}{col 25}{res}{space 2} .2931643{col 37}{space 2} .1340319{col 48}{space 1}    2.19{col 57}{space 3}0.030{col 65}{space 4} .0282401{col 78}{space 3} .5580884
{txt}{space 18}1977  {c |}{col 25}{res}{space 2} .3667356{col 37}{space 2} .1492488{col 48}{space 1}    2.46{col 57}{space 3}0.015{col 65}{space 4} .0717341{col 78}{space 3} .6617371
{txt}{space 18}1978  {c |}{col 25}{res}{space 2} .4582327{col 37}{space 2} .1655854{col 48}{space 1}    2.77{col 57}{space 3}0.006{col 65}{space 4} .1309407{col 78}{space 3} .7855248
{txt}{space 18}1979  {c |}{col 25}{res}{space 2} .4708426{col 37}{space 2} .1889839{col 48}{space 1}    2.49{col 57}{space 3}0.014{col 65}{space 4} .0973016{col 78}{space 3} .8443835
{txt}{space 18}1980  {c |}{col 25}{res}{space 2} .5042705{col 37}{space 2} .2098803{col 48}{space 1}    2.40{col 57}{space 3}0.018{col 65}{space 4} .0894262{col 78}{space 3} .9191147
{txt}{space 18}1981  {c |}{col 25}{res}{space 2} .4561533{col 37}{space 2} .2163632{col 48}{space 1}    2.11{col 57}{space 3}0.037{col 65}{space 4} .0284952{col 78}{space 3} .8838114
{txt}{space 18}1982  {c |}{col 25}{res}{space 2}  .440533{col 37}{space 2} .2041277{col 48}{space 1}    2.16{col 57}{space 3}0.033{col 65}{space 4} .0370594{col 78}{space 3} .8440066
{txt}{space 18}1983  {c |}{col 25}{res}{space 2} .4578476{col 37}{space 2} .2044261{col 48}{space 1}    2.24{col 57}{space 3}0.027{col 65}{space 4} .0537841{col 78}{space 3}  .861911
{txt}{space 18}1984  {c |}{col 25}{res}{space 2} .5038492{col 37}{space 2}  .220436{col 48}{space 1}    2.29{col 57}{space 3}0.024{col 65}{space 4} .0681409{col 78}{space 3} .9395576
{txt}{space 18}1985  {c |}{col 25}{res}{space 2} .5695567{col 37}{space 2} .2245734{col 48}{space 1}    2.54{col 57}{space 3}0.012{col 65}{space 4} .1256704{col 78}{space 3} 1.013443
{txt}{space 18}1986  {c |}{col 25}{res}{space 2}  .626945{col 37}{space 2} .2246271{col 48}{space 1}    2.79{col 57}{space 3}0.006{col 65}{space 4} .1829526{col 78}{space 3} 1.070937
{txt}{space 18}1987  {c |}{col 25}{res}{space 2} .6398635{col 37}{space 2} .2344155{col 48}{space 1}    2.73{col 57}{space 3}0.007{col 65}{space 4} .1765236{col 78}{space 3} 1.103203
{txt}{space 18}1988  {c |}{col 25}{res}{space 2} .7337244{col 37}{space 2} .2494867{col 48}{space 1}    2.94{col 57}{space 3}0.004{col 65}{space 4} .2405951{col 78}{space 3} 1.226854
{txt}{space 18}1989  {c |}{col 25}{res}{space 2} .7831486{col 37}{space 2} .2598588{col 48}{space 1}    3.01{col 57}{space 3}0.003{col 65}{space 4} .2695183{col 78}{space 3} 1.296779
{txt}{space 18}1990  {c |}{col 25}{res}{space 2} .8321321{col 37}{space 2} .2791473{col 48}{space 1}    2.98{col 57}{space 3}0.003{col 65}{space 4} .2803764{col 78}{space 3} 1.383888
{txt}{space 18}1991  {c |}{col 25}{res}{space 2} .9445572{col 37}{space 2} .2837561{col 48}{space 1}    3.33{col 57}{space 3}0.001{col 65}{space 4}  .383692{col 78}{space 3} 1.505422
{txt}{space 18}1992  {c |}{col 25}{res}{space 2} 1.057073{col 37}{space 2} .2930999{col 48}{space 1}    3.61{col 57}{space 3}0.000{col 65}{space 4} .4777387{col 78}{space 3} 1.636407
{txt}{space 18}1993  {c |}{col 25}{res}{space 2} 1.306736{col 37}{space 2} .3055409{col 48}{space 1}    4.28{col 57}{space 3}0.000{col 65}{space 4} .7028116{col 78}{space 3} 1.910661
{txt}{space 18}1994  {c |}{col 25}{res}{space 2} 1.456439{col 37}{space 2} .3133726{col 48}{space 1}    4.65{col 57}{space 3}0.000{col 65}{space 4} .8370349{col 78}{space 3} 2.075844
{txt}{space 18}1995  {c |}{col 25}{res}{space 2} 1.643832{col 37}{space 2} .3216975{col 48}{space 1}    5.11{col 57}{space 3}0.000{col 65}{space 4} 1.007973{col 78}{space 3} 2.279691
{txt}{space 18}1996  {c |}{col 25}{res}{space 2} 1.639646{col 37}{space 2} .3547694{col 48}{space 1}    4.62{col 57}{space 3}0.000{col 65}{space 4} .9384175{col 78}{space 3} 2.340874
{txt}{space 18}1997  {c |}{col 25}{res}{space 2} 1.717263{col 37}{space 2} .3516773{col 48}{space 1}    4.88{col 57}{space 3}0.000{col 65}{space 4} 1.022147{col 78}{space 3}  2.41238
{txt}{space 18}1998  {c |}{col 25}{res}{space 2} 1.769474{col 37}{space 2} .3588764{col 48}{space 1}    4.93{col 57}{space 3}0.000{col 65}{space 4} 1.060128{col 78}{space 3}  2.47882
{txt}{space 18}1999  {c |}{col 25}{res}{space 2} 1.845788{col 37}{space 2} .3642966{col 48}{space 1}    5.07{col 57}{space 3}0.000{col 65}{space 4} 1.125728{col 78}{space 3} 2.565847
{txt}{space 18}2000  {c |}{col 25}{res}{space 2} 1.882608{col 37}{space 2} .3707086{col 48}{space 1}    5.08{col 57}{space 3}0.000{col 65}{space 4} 1.149874{col 78}{space 3} 2.615341
{txt}{space 18}2001  {c |}{col 25}{res}{space 2} 1.956504{col 37}{space 2} .3785282{col 48}{space 1}    5.17{col 57}{space 3}0.000{col 65}{space 4} 1.208314{col 78}{space 3} 2.704693
{txt}{space 18}2002  {c |}{col 25}{res}{space 2} 2.021705{col 37}{space 2} .3863953{col 48}{space 1}    5.23{col 57}{space 3}0.000{col 65}{space 4} 1.257966{col 78}{space 3} 2.785445
{txt}{space 18}2003  {c |}{col 25}{res}{space 2} 2.105038{col 37}{space 2} .3968958{col 48}{space 1}    5.30{col 57}{space 3}0.000{col 65}{space 4} 1.320544{col 78}{space 3} 2.889533
{txt}{space 18}2004  {c |}{col 25}{res}{space 2} 2.155033{col 37}{space 2} .4126734{col 48}{space 1}    5.22{col 57}{space 3}0.000{col 65}{space 4} 1.339353{col 78}{space 3} 2.970713
{txt}{space 18}2005  {c |}{col 25}{res}{space 2} 2.083333{col 37}{space 2} .4278791{col 48}{space 1}    4.87{col 57}{space 3}0.000{col 65}{space 4} 1.237598{col 78}{space 3} 2.929068
{txt}{space 18}2006  {c |}{col 25}{res}{space 2} 2.164363{col 37}{space 2} .4439429{col 48}{space 1}    4.88{col 57}{space 3}0.000{col 65}{space 4} 1.286877{col 78}{space 3}  3.04185
{txt}{space 23} {c |}
{space 18}_cons {c |}{col 25}{res}{space 2} .7079885{col 37}{space 2} 2.366611{col 48}{space 1}    0.30{col 57}{space 3}0.765{col 65}{space 4}-3.969795{col 78}{space 3} 5.385772
{txt}{hline 24}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
                sigma_u {c |} {res} 2.9939975
                {txt}sigma_e {c |} {res} .85625072
                    {txt}rho {c |} {res} .92439402{txt}   (fraction of variance due to u_i)
{hline 24}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. use "Replication_main.dta", clear
{txt}
{com}. 
. xtset ccode year
{res}
{col 1}{txt:Panel variable: }{res:ccode}{txt: (strongly balanced)}
{p 1 16 2}{txt:Time variable: }{res:year}{txt:, }{res:{bind:1965}}{txt: to }{res:{bind:2005}}{p_end}
{txt}{col 10}Delta: {res}1 unit
{txt}
{com}. global controls targ_pop_log targ_gdppc_log targ_gdpgrowth lntrade_open peg underimf
{txt}
{com}. 
. heckman ckaopen2010 vdem $controls, select(l.sanction_onset = l.vdem l.targ_pop_log l.targ_gdppc_log l.targ_gdpgrowth l.targ_mid l.targ_civ_war l.targ_cap l.lntrade_open l.dyear l.dyear2 l.dyear3) robust cluster(ccode) nolog
{res}
{txt}Heckman selection model                         Number of obs     = {res}     4,860
{txt}(regression model with sample selection)              Selected    = {res}       351
                                                {txt}      Nonselected = {res}     4,509

                                                {txt}Wald chi2({res}7{txt})      =  {res}   350.86
{txt}Log pseudolikelihood = {res}-1529.304                {txt}Prob > chi2       =     {res}0.0000

{txt}{ralign 82:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 17}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 18}{c |}{col 30}    Robust
{col 18}{c |} Coefficient{col 30}  std. err.{col 42}      z{col 50}   P>|z|{col 58}     [95% con{col 71}f. interval]
{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}ckaopen2010      {txt}{c |}
{space 12}vdem {c |}{col 18}{res}{space 2} 1.536824{col 30}{space 2} .3866861{col 41}{space 1}    3.97{col 50}{space 3}0.000{col 58}{space 4} .7789331{col 71}{space 3} 2.294715
{txt}{space 4}targ_pop_log {c |}{col 18}{res}{space 2} .0237449{col 30}{space 2} .0997196{col 41}{space 1}    0.24{col 50}{space 3}0.812{col 58}{space 4}-.1717019{col 71}{space 3} .2191917
{txt}{space 2}targ_gdppc_log {c |}{col 18}{res}{space 2} .6634864{col 30}{space 2} .0933669{col 41}{space 1}    7.11{col 50}{space 3}0.000{col 58}{space 4} .4804906{col 71}{space 3} .8464822
{txt}{space 2}targ_gdpgrowth {c |}{col 18}{res}{space 2}-.9201367{col 30}{space 2} .9347691{col 41}{space 1}   -0.98{col 50}{space 3}0.325{col 58}{space 4} -2.75225{col 71}{space 3} .9119771
{txt}{space 4}lntrade_open {c |}{col 18}{res}{space 2} .3813859{col 30}{space 2} .1282661{col 41}{space 1}    2.97{col 50}{space 3}0.003{col 58}{space 4}  .129989{col 71}{space 3} .6327828
{txt}{space 13}peg {c |}{col 18}{res}{space 2} .2361725{col 30}{space 2} .1594689{col 41}{space 1}    1.48{col 50}{space 3}0.139{col 58}{space 4}-.0763807{col 71}{space 3} .5487257
{txt}{space 8}underimf {c |}{col 18}{res}{space 2}-.1229522{col 30}{space 2} .1834484{col 41}{space 1}   -0.67{col 50}{space 3}0.503{col 58}{space 4}-.4825044{col 71}{space 3}    .2366
{txt}{space 11}_cons {c |}{col 18}{res}{space 2}-6.113951{col 30}{space 2} 1.213847{col 41}{space 1}   -5.04{col 50}{space 3}0.000{col 58}{space 4}-8.493048{col 71}{space 3}-3.734854
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}L_sanction_onset {txt}{c |}
{space 12}vdem {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .2656951{col 30}{space 2} .1097108{col 41}{space 1}    2.42{col 50}{space 3}0.015{col 58}{space 4} .0506659{col 71}{space 3} .4807242
{txt}{space 16} {c |}
{space 4}targ_pop_log {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .2883436{col 30}{space 2}  .035684{col 41}{space 1}    8.08{col 50}{space 3}0.000{col 58}{space 4} .2184042{col 71}{space 3}  .358283
{txt}{space 16} {c |}
{space 2}targ_gdppc_log {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .1040034{col 30}{space 2} .0317894{col 41}{space 1}    3.27{col 50}{space 3}0.001{col 58}{space 4} .0416973{col 71}{space 3} .1663095
{txt}{space 16} {c |}
{space 2}targ_gdpgrowth {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.1662017{col 30}{space 2} .4785903{col 41}{space 1}   -0.35{col 50}{space 3}0.728{col 58}{space 4}-1.104221{col 71}{space 3}  .771818
{txt}{space 16} {c |}
{space 8}targ_mid {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .1351145{col 30}{space 2} .0641521{col 41}{space 1}    2.11{col 50}{space 3}0.035{col 58}{space 4} .0093787{col 71}{space 3} .2608502
{txt}{space 16} {c |}
{space 4}targ_civ_war {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .0149814{col 30}{space 2} .1068615{col 41}{space 1}    0.14{col 50}{space 3}0.889{col 58}{space 4}-.1944632{col 71}{space 3} .2244261
{txt}{space 16} {c |}
{space 8}targ_cap {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} 1.946933{col 30}{space 2} 1.435503{col 41}{space 1}    1.36{col 50}{space 3}0.175{col 58}{space 4} -.866601{col 71}{space 3} 4.760467
{txt}{space 16} {c |}
{space 4}lntrade_open {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .2538436{col 30}{space 2} .0351943{col 41}{space 1}    7.21{col 50}{space 3}0.000{col 58}{space 4} .1848642{col 71}{space 3} .3228231
{txt}{space 16} {c |}
{space 11}dyear {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-.0657931{col 30}{space 2}  .022688{col 41}{space 1}   -2.90{col 50}{space 3}0.004{col 58}{space 4}-.1102608{col 71}{space 3}-.0213254
{txt}{space 16} {c |}
{space 10}dyear2 {c |}
{space 13}L1. {c |}{col 18}{res}{space 2} .0016979{col 30}{space 2} .0015559{col 41}{space 1}    1.09{col 50}{space 3}0.275{col 58}{space 4}-.0013515{col 71}{space 3} .0047474
{txt}{space 16} {c |}
{space 10}dyear3 {c |}
{space 13}L1. {c |}{col 18}{res}{space 2}-1.73e-06{col 30}{space 2}  .000028{col 41}{space 1}   -0.06{col 50}{space 3}0.951{col 58}{space 4}-.0000565{col 71}{space 3} .0000531
{txt}{space 16} {c |}
{space 11}_cons {c |}{col 18}{res}{space 2}-2.417591{col 30}{space 2} .3317858{col 41}{space 1}   -7.29{col 50}{space 3}0.000{col 58}{space 4} -3.06788{col 71}{space 3}-1.767303
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}/athrho {c |}{col 18}{res}{space 2} .1388043{col 30}{space 2} .2655431{col 41}{space 1}    0.52{col 50}{space 3}0.601{col 58}{space 4}-.3816507{col 71}{space 3} .6592593
{txt}{space 8}/lnsigma {c |}{col 18}{res}{space 2} .1220258{col 30}{space 2} .0743109{col 41}{space 1}    1.64{col 50}{space 3}0.101{col 58}{space 4} -.023621{col 71}{space 3} .2676725
{txt}{hline 17}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
             rho {c |}{col 18}{res}{space 2} .1379196{col 30}{space 2}  .260492{col 58}{space 4}-.3641402{col 71}{space 3} .5778702
{txt}           sigma {c |}{col 18}{res}{space 2} 1.129783{col 30}{space 2} .0839553{col 58}{space 4} .9766558{col 71}{space 3} 1.306919
{txt}          lambda {c |}{col 18}{res}{space 2} .1558193{col 30}{space 2} .3011223{col 58}{space 4}-.4343696{col 71}{space 3} .7460082
{txt}{hline 17}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
Wald test of indep. eqns. (rho = 0): chi2({res}1{txt}) = {res}0.27       {txt}Prob > chi2 = {res}0.6012
{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. graph box vdem, over(financial)
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 i.l.financial i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2114{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0250{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0170{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}151{txt}){col 67}={col 70}{res}     5.53
{txt}corr(u_i, Xb) = {res}-0.9273{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 80:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 1}   ckaopen2010{col 16}{c |} Coefficient{col 28}  std. err.{col 40}      t{col 48}   P>|t|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}L.financial {c |}
{space 12}1  {c |}{col 16}{res}{space 2}-.1483049{col 28}{space 2} .1142066{col 39}{space 1}   -1.30{col 48}{space 3}0.196{col 56}{space 4}-.3739542{col 69}{space 3} .0773444
{txt}{space 14} {c |}
{space 3}1.democracy {c |}{col 16}{res}{space 2}-.1448528{col 28}{space 2} .1524623{col 39}{space 1}   -0.95{col 48}{space 3}0.344{col 56}{space 4}-.4460876{col 69}{space 3} .1563819
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2}-1.678413{col 28}{space 2} .4669608{col 39}{space 1}   -3.59{col 48}{space 3}0.000{col 56}{space 4}-2.601034{col 69}{space 3}-.7557924
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2} .2029297{col 28}{space 2} .2289563{col 39}{space 1}    0.89{col 48}{space 3}0.377{col 56}{space 4}-.2494418{col 69}{space 3} .6553013
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2} .6181955{col 28}{space 2} .2709407{col 39}{space 1}    2.28{col 48}{space 3}0.024{col 56}{space 4} .0828712{col 69}{space 3}  1.15352
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2} .1591129{col 28}{space 2} .1521155{col 39}{space 1}    1.05{col 48}{space 3}0.297{col 56}{space 4}-.1414368{col 69}{space 3} .4596626
{txt}{space 11}peg {c |}{col 16}{res}{space 2} -.099034{col 28}{space 2} .0975519{col 39}{space 1}   -1.02{col 48}{space 3}0.312{col 56}{space 4}-.2917769{col 69}{space 3}  .093709
{txt}{space 6}underimf {c |}{col 16}{res}{space 2}-.0205877{col 28}{space 2} .0797073{col 39}{space 1}   -0.26{col 48}{space 3}0.797{col 56}{space 4}-.1780733{col 69}{space 3} .1368978
{txt}{space 14} {c |}
{space 10}year {c |}
{space 9}1971  {c |}{col 16}{res}{space 2} .1325164{col 28}{space 2}  .060525{col 39}{space 1}    2.19{col 48}{space 3}0.030{col 56}{space 4} .0129312{col 69}{space 3} .2521016
{txt}{space 9}1972  {c |}{col 16}{res}{space 2} .1389531{col 28}{space 2} .0687981{col 39}{space 1}    2.02{col 48}{space 3}0.045{col 56}{space 4} .0030218{col 69}{space 3} .2748844
{txt}{space 9}1973  {c |}{col 16}{res}{space 2} .2104817{col 28}{space 2} .0884771{col 39}{space 1}    2.38{col 48}{space 3}0.019{col 56}{space 4} .0356687{col 69}{space 3} .3852948
{txt}{space 9}1974  {c |}{col 16}{res}{space 2} .2183937{col 28}{space 2} .1328648{col 39}{space 1}    1.64{col 48}{space 3}0.102{col 56}{space 4}-.0441204{col 69}{space 3} .4809078
{txt}{space 9}1975  {c |}{col 16}{res}{space 2} .2917011{col 28}{space 2} .1364328{col 39}{space 1}    2.14{col 48}{space 3}0.034{col 56}{space 4} .0221374{col 69}{space 3} .5612648
{txt}{space 9}1976  {c |}{col 16}{res}{space 2}  .260155{col 28}{space 2} .1431193{col 39}{space 1}    1.82{col 48}{space 3}0.071{col 56}{space 4}-.0226199{col 69}{space 3} .5429299
{txt}{space 9}1977  {c |}{col 16}{res}{space 2} .3187887{col 28}{space 2} .1558079{col 39}{space 1}    2.05{col 48}{space 3}0.042{col 56}{space 4} .0109435{col 69}{space 3} .6266339
{txt}{space 9}1978  {c |}{col 16}{res}{space 2}  .394894{col 28}{space 2} .1730016{col 39}{space 1}    2.28{col 48}{space 3}0.024{col 56}{space 4} .0530776{col 69}{space 3} .7367104
{txt}{space 9}1979  {c |}{col 16}{res}{space 2} .3825513{col 28}{space 2} .1991143{col 39}{space 1}    1.92{col 48}{space 3}0.057{col 56}{space 4}-.0108585{col 69}{space 3} .7759611
{txt}{space 9}1980  {c |}{col 16}{res}{space 2}  .393589{col 28}{space 2}   .22446{col 39}{space 1}    1.75{col 48}{space 3}0.082{col 56}{space 4}-.0498988{col 69}{space 3} .8370767
{txt}{space 9}1981  {c |}{col 16}{res}{space 2} .3688009{col 28}{space 2} .2302169{col 39}{space 1}    1.60{col 48}{space 3}0.111{col 56}{space 4}-.0860614{col 69}{space 3} .8236631
{txt}{space 9}1982  {c |}{col 16}{res}{space 2} .3682299{col 28}{space 2} .2180386{col 39}{space 1}    1.69{col 48}{space 3}0.093{col 56}{space 4}-.0625705{col 69}{space 3} .7990302
{txt}{space 9}1983  {c |}{col 16}{res}{space 2} .4047919{col 28}{space 2} .2177923{col 39}{space 1}    1.86{col 48}{space 3}0.065{col 56}{space 4}-.0255218{col 69}{space 3} .8351057
{txt}{space 9}1984  {c |}{col 16}{res}{space 2} .4477736{col 28}{space 2} .2313509{col 39}{space 1}    1.94{col 48}{space 3}0.055{col 56}{space 4}-.0093292{col 69}{space 3} .9048764
{txt}{space 9}1985  {c |}{col 16}{res}{space 2} .5117967{col 28}{space 2} .2341283{col 39}{space 1}    2.19{col 48}{space 3}0.030{col 56}{space 4} .0492062{col 69}{space 3} .9743872
{txt}{space 9}1986  {c |}{col 16}{res}{space 2}  .580066{col 28}{space 2} .2333975{col 39}{space 1}    2.49{col 48}{space 3}0.014{col 56}{space 4} .1189196{col 69}{space 3} 1.041212
{txt}{space 9}1987  {c |}{col 16}{res}{space 2} .5920821{col 28}{space 2} .2450249{col 39}{space 1}    2.42{col 48}{space 3}0.017{col 56}{space 4} .1079622{col 69}{space 3} 1.076202
{txt}{space 9}1988  {c |}{col 16}{res}{space 2} .6668842{col 28}{space 2} .2592754{col 39}{space 1}    2.57{col 48}{space 3}0.011{col 56}{space 4} .1546082{col 69}{space 3}  1.17916
{txt}{space 9}1989  {c |}{col 16}{res}{space 2} .7171655{col 28}{space 2} .2698757{col 39}{space 1}    2.66{col 48}{space 3}0.009{col 56}{space 4} .1839453{col 69}{space 3} 1.250386
{txt}{space 9}1990  {c |}{col 16}{res}{space 2} .7415039{col 28}{space 2} .2886383{col 39}{space 1}    2.57{col 48}{space 3}0.011{col 56}{space 4} .1712126{col 69}{space 3} 1.311795
{txt}{space 9}1991  {c |}{col 16}{res}{space 2} .8601731{col 28}{space 2} .2919236{col 39}{space 1}    2.95{col 48}{space 3}0.004{col 56}{space 4} .2833908{col 69}{space 3} 1.436955
{txt}{space 9}1992  {c |}{col 16}{res}{space 2} .9599858{col 28}{space 2} .3031801{col 39}{space 1}    3.17{col 48}{space 3}0.002{col 56}{space 4} .3609629{col 69}{space 3} 1.559009
{txt}{space 9}1993  {c |}{col 16}{res}{space 2} 1.227191{col 28}{space 2}  .313203{col 39}{space 1}    3.92{col 48}{space 3}0.000{col 56}{space 4} .6083646{col 69}{space 3} 1.846017
{txt}{space 9}1994  {c |}{col 16}{res}{space 2} 1.369436{col 28}{space 2} .3211168{col 39}{space 1}    4.26{col 48}{space 3}0.000{col 56}{space 4} .7349736{col 69}{space 3} 2.003898
{txt}{space 9}1995  {c |}{col 16}{res}{space 2} 1.532928{col 28}{space 2} .3302553{col 39}{space 1}    4.64{col 48}{space 3}0.000{col 56}{space 4} .8804101{col 69}{space 3} 2.185446
{txt}{space 9}1996  {c |}{col 16}{res}{space 2} 1.437248{col 28}{space 2} .3644092{col 39}{space 1}    3.94{col 48}{space 3}0.000{col 56}{space 4} .7172491{col 69}{space 3} 2.157248
{txt}{space 9}1997  {c |}{col 16}{res}{space 2}  1.53314{col 28}{space 2} .3617036{col 39}{space 1}    4.24{col 48}{space 3}0.000{col 56}{space 4} .8184865{col 69}{space 3} 2.247794
{txt}{space 9}1998  {c |}{col 16}{res}{space 2} 1.586564{col 28}{space 2} .3678615{col 39}{space 1}    4.31{col 48}{space 3}0.000{col 56}{space 4} .8597438{col 69}{space 3} 2.313385
{txt}{space 9}1999  {c |}{col 16}{res}{space 2} 1.669272{col 28}{space 2} .3746855{col 39}{space 1}    4.46{col 48}{space 3}0.000{col 56}{space 4} .9289688{col 69}{space 3} 2.409575
{txt}{space 9}2000  {c |}{col 16}{res}{space 2} 1.699415{col 28}{space 2}  .383991{col 39}{space 1}    4.43{col 48}{space 3}0.000{col 56}{space 4} .9407263{col 69}{space 3} 2.458104
{txt}{space 9}2001  {c |}{col 16}{res}{space 2} 1.753522{col 28}{space 2} .3913223{col 39}{space 1}    4.48{col 48}{space 3}0.000{col 56}{space 4} .9803479{col 69}{space 3} 2.526696
{txt}{space 9}2002  {c |}{col 16}{res}{space 2}  1.82025{col 28}{space 2} .3982828{col 39}{space 1}    4.57{col 48}{space 3}0.000{col 56}{space 4} 1.033323{col 69}{space 3} 2.607177
{txt}{space 9}2003  {c |}{col 16}{res}{space 2} 1.887302{col 28}{space 2} .4099676{col 39}{space 1}    4.60{col 48}{space 3}0.000{col 56}{space 4} 1.077288{col 69}{space 3} 2.697315
{txt}{space 9}2004  {c |}{col 16}{res}{space 2} 1.970845{col 28}{space 2} .4252377{col 39}{space 1}    4.63{col 48}{space 3}0.000{col 56}{space 4} 1.130661{col 69}{space 3} 2.811029
{txt}{space 9}2005  {c |}{col 16}{res}{space 2} 1.871685{col 28}{space 2} .4376209{col 39}{space 1}    4.28{col 48}{space 3}0.000{col 56}{space 4} 1.007034{col 69}{space 3} 2.736336
{txt}{space 14} {c |}
{space 9}_cons {c |}{col 16}{res}{space 2} .8068519{col 28}{space 2} 2.501854{col 39}{space 1}    0.32{col 48}{space 3}0.748{col 56}{space 4}-4.136308{col 69}{space 3} 5.750012
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
       sigma_u {c |} {res} 3.3059405
       {txt}sigma_e {c |} {res} .85409763
           {txt}rho {c |} {res} .93743032{txt}   (fraction of variance due to u_i)
{hline 15}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.financial##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2143{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0251{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0172{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.38
{txt}corr(u_i, Xb) = {res}-0.9264{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 87:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 23}{c |}{col 35}    Robust
{col 1}          ckaopen2010{col 23}{c |} Coefficient{col 35}  std. err.{col 47}      t{col 55}   P>|t|{col 63}     [95% con{col 76}f. interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.financial {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.4796796{col 35}{space 2} .1491773{col 46}{space 1}   -3.22{col 55}{space 3}0.002{col 63}{space 4} -.774424{col 76}{space 3}-.1849352
{txt}{space 21} {c |}
{space 10}1.democracy {c |}{col 23}{res}{space 2}-.1665711{col 35}{space 2} .1526487{col 46}{space 1}   -1.09{col 55}{space 3}0.277{col 63}{space 4}-.4681743{col 76}{space 3}  .135032
{txt}{space 21} {c |}
L.financial#democracy {c |}
{space 17}1 1  {c |}{col 23}{res}{space 2} .7230043{col 35}{space 2} .2138527{col 46}{space 1}    3.38{col 55}{space 3}0.001{col 63}{space 4} .3004744{col 76}{space 3} 1.145534
{txt}{space 21} {c |}
{space 9}targ_pop_log {c |}{col 23}{res}{space 2}-1.666873{col 35}{space 2} .4673413{col 46}{space 1}   -3.57{col 55}{space 3}0.000{col 63}{space 4}-2.590245{col 76}{space 3}-.7435001
{txt}{space 7}targ_gdppc_log {c |}{col 23}{res}{space 2} .2010703{col 35}{space 2} .2297363{col 46}{space 1}    0.88{col 55}{space 3}0.383{col 63}{space 4}-.2528424{col 76}{space 3}  .654983
{txt}{space 7}targ_gdpgrowth {c |}{col 23}{res}{space 2} .6007924{col 35}{space 2} .2680298{col 46}{space 1}    2.24{col 55}{space 3}0.026{col 63}{space 4} .0712194{col 76}{space 3} 1.130365
{txt}{space 9}lntrade_open {c |}{col 23}{res}{space 2} .1618869{col 35}{space 2} .1524462{col 46}{space 1}    1.06{col 55}{space 3}0.290{col 63}{space 4}-.1393162{col 76}{space 3} .4630901
{txt}{space 18}peg {c |}{col 23}{res}{space 2}-.0952551{col 35}{space 2} .0971106{col 46}{space 1}   -0.98{col 55}{space 3}0.328{col 63}{space 4}-.2871261{col 76}{space 3} .0966159
{txt}{space 13}underimf {c |}{col 23}{res}{space 2}-.0219044{col 35}{space 2} .0791394{col 46}{space 1}   -0.28{col 55}{space 3}0.782{col 63}{space 4}-.1782679{col 76}{space 3} .1344592
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}1971  {c |}{col 23}{res}{space 2} .1287575{col 35}{space 2} .0608433{col 46}{space 1}    2.12{col 55}{space 3}0.036{col 63}{space 4} .0085435{col 76}{space 3} .2489716
{txt}{space 16}1972  {c |}{col 23}{res}{space 2} .1312689{col 35}{space 2}  .069005{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0050712{col 76}{space 3}  .267609
{txt}{space 16}1973  {c |}{col 23}{res}{space 2} .2091128{col 35}{space 2} .0879928{col 46}{space 1}    2.38{col 55}{space 3}0.019{col 63}{space 4} .0352567{col 76}{space 3} .3829688
{txt}{space 16}1974  {c |}{col 23}{res}{space 2} .2151802{col 35}{space 2} .1333068{col 46}{space 1}    1.61{col 55}{space 3}0.109{col 63}{space 4}-.0482073{col 76}{space 3} .4785677
{txt}{space 16}1975  {c |}{col 23}{res}{space 2} .2847136{col 35}{space 2} .1368604{col 46}{space 1}    2.08{col 55}{space 3}0.039{col 63}{space 4}  .014305{col 76}{space 3} .5551222
{txt}{space 16}1976  {c |}{col 23}{res}{space 2} .2536752{col 35}{space 2} .1433294{col 46}{space 1}    1.77{col 55}{space 3}0.079{col 63}{space 4}-.0295149{col 76}{space 3} .5368653
{txt}{space 16}1977  {c |}{col 23}{res}{space 2} .3157432{col 35}{space 2}  .156233{col 46}{space 1}    2.02{col 55}{space 3}0.045{col 63}{space 4} .0070581{col 76}{space 3} .6244282
{txt}{space 16}1978  {c |}{col 23}{res}{space 2} .4001035{col 35}{space 2} .1712498{col 46}{space 1}    2.34{col 55}{space 3}0.021{col 63}{space 4} .0617484{col 76}{space 3} .7384586
{txt}{space 16}1979  {c |}{col 23}{res}{space 2}  .378879{col 35}{space 2} .1994478{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0151897{col 76}{space 3} .7729477
{txt}{space 16}1980  {c |}{col 23}{res}{space 2} .3903131{col 35}{space 2} .2237119{col 46}{space 1}    1.74{col 55}{space 3}0.083{col 63}{space 4}-.0516967{col 76}{space 3} .8323228
{txt}{space 16}1981  {c |}{col 23}{res}{space 2} .3597634{col 35}{space 2} .2306494{col 46}{space 1}    1.56{col 55}{space 3}0.121{col 63}{space 4}-.0959535{col 76}{space 3} .8154803
{txt}{space 16}1982  {c |}{col 23}{res}{space 2} .3619839{col 35}{space 2}  .217701{col 46}{space 1}    1.66{col 55}{space 3}0.098{col 63}{space 4}-.0681494{col 76}{space 3} .7921173
{txt}{space 16}1983  {c |}{col 23}{res}{space 2} .3897333{col 35}{space 2}  .218005{col 46}{space 1}    1.79{col 55}{space 3}0.076{col 63}{space 4}-.0410008{col 76}{space 3} .8204674
{txt}{space 16}1984  {c |}{col 23}{res}{space 2} .4455463{col 35}{space 2}  .231401{col 46}{space 1}    1.93{col 55}{space 3}0.056{col 63}{space 4}-.0116555{col 76}{space 3}  .902748
{txt}{space 16}1985  {c |}{col 23}{res}{space 2} .5068174{col 35}{space 2} .2346793{col 46}{space 1}    2.16{col 55}{space 3}0.032{col 63}{space 4} .0431382{col 76}{space 3} .9704966
{txt}{space 16}1986  {c |}{col 23}{res}{space 2} .5726025{col 35}{space 2}  .233983{col 46}{space 1}    2.45{col 55}{space 3}0.016{col 63}{space 4} .1102992{col 76}{space 3} 1.034906
{txt}{space 16}1987  {c |}{col 23}{res}{space 2} .5866438{col 35}{space 2} .2454748{col 46}{space 1}    2.39{col 55}{space 3}0.018{col 63}{space 4} .1016351{col 76}{space 3} 1.071653
{txt}{space 16}1988  {c |}{col 23}{res}{space 2}  .664336{col 35}{space 2} .2591609{col 46}{space 1}    2.56{col 55}{space 3}0.011{col 63}{space 4} .1522861{col 76}{space 3} 1.176386
{txt}{space 16}1989  {c |}{col 23}{res}{space 2} .7055046{col 35}{space 2} .2707626{col 46}{space 1}    2.61{col 55}{space 3}0.010{col 63}{space 4} .1705322{col 76}{space 3} 1.240477
{txt}{space 16}1990  {c |}{col 23}{res}{space 2} .7351135{col 35}{space 2} .2892643{col 46}{space 1}    2.54{col 55}{space 3}0.012{col 63}{space 4} .1635855{col 76}{space 3} 1.306641
{txt}{space 16}1991  {c |}{col 23}{res}{space 2} .8487314{col 35}{space 2} .2926838{col 46}{space 1}    2.90{col 55}{space 3}0.004{col 63}{space 4}  .270447{col 76}{space 3} 1.427016
{txt}{space 16}1992  {c |}{col 23}{res}{space 2} .9548448{col 35}{space 2} .3033016{col 46}{space 1}    3.15{col 55}{space 3}0.002{col 63}{space 4} .3555819{col 76}{space 3} 1.554108
{txt}{space 16}1993  {c |}{col 23}{res}{space 2} 1.218649{col 35}{space 2}  .313779{col 46}{space 1}    3.88{col 55}{space 3}0.000{col 63}{space 4} .5986846{col 76}{space 3} 1.838613
{txt}{space 16}1994  {c |}{col 23}{res}{space 2} 1.364374{col 35}{space 2} .3211445{col 46}{space 1}    4.25{col 55}{space 3}0.000{col 63}{space 4} .7298568{col 76}{space 3} 1.998891
{txt}{space 16}1995  {c |}{col 23}{res}{space 2} 1.527615{col 35}{space 2}   .33026{col 46}{space 1}    4.63{col 55}{space 3}0.000{col 63}{space 4} .8750875{col 76}{space 3} 2.180142
{txt}{space 16}1996  {c |}{col 23}{res}{space 2} 1.436725{col 35}{space 2} .3646166{col 46}{space 1}    3.94{col 55}{space 3}0.000{col 63}{space 4} .7163159{col 76}{space 3} 2.157134
{txt}{space 16}1997  {c |}{col 23}{res}{space 2} 1.525062{col 35}{space 2}  .362116{col 46}{space 1}    4.21{col 55}{space 3}0.000{col 63}{space 4} .8095931{col 76}{space 3}  2.24053
{txt}{space 16}1998  {c |}{col 23}{res}{space 2} 1.580041{col 35}{space 2}  .368243{col 46}{space 1}    4.29{col 55}{space 3}0.000{col 63}{space 4} .8524673{col 76}{space 3} 2.307615
{txt}{space 16}1999  {c |}{col 23}{res}{space 2} 1.662169{col 35}{space 2} .3751405{col 46}{space 1}    4.43{col 55}{space 3}0.000{col 63}{space 4} .9209669{col 76}{space 3} 2.403371
{txt}{space 16}2000  {c |}{col 23}{res}{space 2} 1.694595{col 35}{space 2} .3845141{col 46}{space 1}    4.41{col 55}{space 3}0.000{col 63}{space 4}  .934872{col 76}{space 3} 2.454317
{txt}{space 16}2001  {c |}{col 23}{res}{space 2} 1.753391{col 35}{space 2} .3911503{col 46}{space 1}    4.48{col 55}{space 3}0.000{col 63}{space 4} .9805563{col 76}{space 3} 2.526225
{txt}{space 16}2002  {c |}{col 23}{res}{space 2}  1.81028{col 35}{space 2} .3986214{col 46}{space 1}    4.54{col 55}{space 3}0.000{col 63}{space 4} 1.022685{col 76}{space 3} 2.597876
{txt}{space 16}2003  {c |}{col 23}{res}{space 2} 1.879678{col 35}{space 2} .4103012{col 46}{space 1}    4.58{col 55}{space 3}0.000{col 63}{space 4} 1.069006{col 76}{space 3} 2.690351
{txt}{space 16}2004  {c |}{col 23}{res}{space 2}   1.9061{col 35}{space 2} .4272304{col 46}{space 1}    4.46{col 55}{space 3}0.000{col 63}{space 4} 1.061979{col 76}{space 3} 2.750221
{txt}{space 16}2005  {c |}{col 23}{res}{space 2}  1.86677{col 35}{space 2} .4379576{col 46}{space 1}    4.26{col 55}{space 3}0.000{col 63}{space 4} 1.001454{col 76}{space 3} 2.732086
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} .8249485{col 35}{space 2} 2.510812{col 46}{space 1}    0.33{col 55}{space 3}0.743{col 63}{space 4}-4.135911{col 76}{space 3} 5.785807
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} 3.2878616
              {txt}sigma_e {c |} {res} .85262841
                  {txt}rho {c |} {res} .93698755{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.financial c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2303{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0557{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0337{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}43{txt}, {res}144{txt}){col 67}={col 70}{res}     5.23
{txt}corr(u_i, Xb) = {res}-0.9173{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 80:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 1}   ckaopen2010{col 16}{c |} Coefficient{col 28}  std. err.{col 40}      t{col 48}   P>|t|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}L.financial {c |}
{space 12}1  {c |}{col 16}{res}{space 2}-.1349908{col 28}{space 2} .1122214{col 39}{space 1}   -1.20{col 48}{space 3}0.231{col 56}{space 4}-.3568049{col 69}{space 3} .0868233
{txt}{space 14} {c |}
{space 10}vdem {c |}{col 16}{res}{space 2} -.163812{col 28}{space 2} .3224653{col 39}{space 1}   -0.51{col 48}{space 3}0.612{col 56}{space 4}-.8011888{col 69}{space 3} .4735648
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2}-1.782316{col 28}{space 2} .4646835{col 39}{space 1}   -3.84{col 48}{space 3}0.000{col 56}{space 4}-2.700798{col 69}{space 3}-.8638344
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2} .2318926{col 28}{space 2} .2186909{col 39}{space 1}    1.06{col 48}{space 3}0.291{col 56}{space 4}-.2003664{col 69}{space 3} .6641515
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2} .5092315{col 28}{space 2} .2634966{col 39}{space 1}    1.93{col 48}{space 3}0.055{col 56}{space 4}-.0115894{col 69}{space 3} 1.030052
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2} .0588688{col 28}{space 2} .1414334{col 39}{space 1}    0.42{col 48}{space 3}0.678{col 56}{space 4} -.220685{col 69}{space 3} .3384226
{txt}{space 11}peg {c |}{col 16}{res}{space 2}-.1062821{col 28}{space 2} .0964921{col 39}{space 1}   -1.10{col 48}{space 3}0.273{col 56}{space 4}-.2970059{col 69}{space 3} .0844417
{txt}{space 6}underimf {c |}{col 16}{res}{space 2}-.0427648{col 28}{space 2} .0772586{col 39}{space 1}   -0.55{col 48}{space 3}0.581{col 56}{space 4}-.1954723{col 69}{space 3} .1099427
{txt}{space 14} {c |}
{space 10}year {c |}
{space 9}1971  {c |}{col 16}{res}{space 2} .1337471{col 28}{space 2} .0590379{col 39}{space 1}    2.27{col 48}{space 3}0.025{col 56}{space 4} .0170543{col 69}{space 3}   .25044
{txt}{space 9}1972  {c |}{col 16}{res}{space 2} .1495784{col 28}{space 2} .0698546{col 39}{space 1}    2.14{col 48}{space 3}0.034{col 56}{space 4} .0115056{col 69}{space 3} .2876512
{txt}{space 9}1973  {c |}{col 16}{res}{space 2} .2441158{col 28}{space 2} .0879376{col 39}{space 1}    2.78{col 48}{space 3}0.006{col 56}{space 4} .0703005{col 69}{space 3} .4179311
{txt}{space 9}1974  {c |}{col 16}{res}{space 2} .2900879{col 28}{space 2} .1280938{col 39}{space 1}    2.26{col 48}{space 3}0.025{col 56}{space 4} .0369008{col 69}{space 3} .5432749
{txt}{space 9}1975  {c |}{col 16}{res}{space 2} .3387969{col 28}{space 2} .1303893{col 39}{space 1}    2.60{col 48}{space 3}0.010{col 56}{space 4} .0810726{col 69}{space 3} .5965211
{txt}{space 9}1976  {c |}{col 16}{res}{space 2}  .315267{col 28}{space 2} .1373697{col 39}{space 1}    2.30{col 48}{space 3}0.023{col 56}{space 4} .0437456{col 69}{space 3} .5867885
{txt}{space 9}1977  {c |}{col 16}{res}{space 2} .3798276{col 28}{space 2} .1519695{col 39}{space 1}    2.50{col 48}{space 3}0.014{col 56}{space 4} .0794484{col 69}{space 3} .6802067
{txt}{space 9}1978  {c |}{col 16}{res}{space 2}  .463833{col 28}{space 2} .1696572{col 39}{space 1}    2.73{col 48}{space 3}0.007{col 56}{space 4} .1284928{col 69}{space 3} .7991732
{txt}{space 9}1979  {c |}{col 16}{res}{space 2}  .494001{col 28}{space 2} .1923603{col 39}{space 1}    2.57{col 48}{space 3}0.011{col 56}{space 4} .1137864{col 69}{space 3} .8742155
{txt}{space 9}1980  {c |}{col 16}{res}{space 2} .5246949{col 28}{space 2} .2141574{col 39}{space 1}    2.45{col 48}{space 3}0.015{col 56}{space 4} .1013967{col 69}{space 3}  .947993
{txt}{space 9}1981  {c |}{col 16}{res}{space 2}  .488359{col 28}{space 2} .2205713{col 39}{space 1}    2.21{col 48}{space 3}0.028{col 56}{space 4} .0523833{col 69}{space 3} .9243347
{txt}{space 9}1982  {c |}{col 16}{res}{space 2} .4686302{col 28}{space 2} .2094022{col 39}{space 1}    2.24{col 48}{space 3}0.027{col 56}{space 4} .0547312{col 69}{space 3} .8825293
{txt}{space 9}1983  {c |}{col 16}{res}{space 2} .4968344{col 28}{space 2} .2104755{col 39}{space 1}    2.36{col 48}{space 3}0.020{col 56}{space 4} .0808138{col 69}{space 3} .9128551
{txt}{space 9}1984  {c |}{col 16}{res}{space 2}  .531357{col 28}{space 2} .2250081{col 39}{space 1}    2.36{col 48}{space 3}0.020{col 56}{space 4} .0866117{col 69}{space 3} .9761024
{txt}{space 9}1985  {c |}{col 16}{res}{space 2} .5950054{col 28}{space 2} .2288814{col 39}{space 1}    2.60{col 48}{space 3}0.010{col 56}{space 4} .1426042{col 69}{space 3} 1.047407
{txt}{space 9}1986  {c |}{col 16}{res}{space 2} .6601586{col 28}{space 2} .2295482{col 39}{space 1}    2.88{col 48}{space 3}0.005{col 56}{space 4} .2064394{col 69}{space 3} 1.113878
{txt}{space 9}1987  {c |}{col 16}{res}{space 2} .6840984{col 28}{space 2}  .241122{col 39}{space 1}    2.84{col 48}{space 3}0.005{col 56}{space 4} .2075027{col 69}{space 3} 1.160694
{txt}{space 9}1988  {c |}{col 16}{res}{space 2} .7621578{col 28}{space 2}  .255167{col 39}{space 1}    2.99{col 48}{space 3}0.003{col 56}{space 4} .2578012{col 69}{space 3} 1.266515
{txt}{space 9}1989  {c |}{col 16}{res}{space 2}  .823445{col 28}{space 2} .2658003{col 39}{space 1}    3.10{col 48}{space 3}0.002{col 56}{space 4} .2980708{col 69}{space 3} 1.348819
{txt}{space 9}1990  {c |}{col 16}{res}{space 2}  .862317{col 28}{space 2} .2852696{col 39}{space 1}    3.02{col 48}{space 3}0.003{col 56}{space 4} .2984603{col 69}{space 3} 1.426174
{txt}{space 9}1991  {c |}{col 16}{res}{space 2} .9781662{col 28}{space 2} .2897336{col 39}{space 1}    3.38{col 48}{space 3}0.001{col 56}{space 4}  .405486{col 69}{space 3} 1.550846
{txt}{space 9}1992  {c |}{col 16}{res}{space 2} 1.094324{col 28}{space 2} .3001518{col 39}{space 1}    3.65{col 48}{space 3}0.000{col 56}{space 4}  .501051{col 69}{space 3} 1.687596
{txt}{space 9}1993  {c |}{col 16}{res}{space 2} 1.357622{col 28}{space 2} .3138933{col 39}{space 1}    4.33{col 48}{space 3}0.000{col 56}{space 4} .7371884{col 69}{space 3} 1.978056
{txt}{space 9}1994  {c |}{col 16}{res}{space 2} 1.513395{col 28}{space 2} .3222859{col 39}{space 1}    4.70{col 48}{space 3}0.000{col 56}{space 4} .8763731{col 69}{space 3} 2.150418
{txt}{space 9}1995  {c |}{col 16}{res}{space 2} 1.702883{col 28}{space 2} .3315069{col 39}{space 1}    5.14{col 48}{space 3}0.000{col 56}{space 4} 1.047635{col 69}{space 3} 2.358132
{txt}{space 9}1996  {c |}{col 16}{res}{space 2} 1.683869{col 28}{space 2} .3630385{col 39}{space 1}    4.64{col 48}{space 3}0.000{col 56}{space 4} .9662957{col 69}{space 3} 2.401441
{txt}{space 9}1997  {c |}{col 16}{res}{space 2} 1.769911{col 28}{space 2} .3599389{col 39}{space 1}    4.92{col 48}{space 3}0.000{col 56}{space 4} 1.058464{col 69}{space 3} 2.481357
{txt}{space 9}1998  {c |}{col 16}{res}{space 2} 1.808828{col 28}{space 2} .3671369{col 39}{space 1}    4.93{col 48}{space 3}0.000{col 56}{space 4} 1.083155{col 69}{space 3} 2.534502
{txt}{space 9}1999  {c |}{col 16}{res}{space 2} 1.892278{col 28}{space 2}  .373716{col 39}{space 1}    5.06{col 48}{space 3}0.000{col 56}{space 4}   1.1536{col 69}{space 3} 2.630956
{txt}{space 9}2000  {c |}{col 16}{res}{space 2}  1.93737{col 28}{space 2}  .381061{col 39}{space 1}    5.08{col 48}{space 3}0.000{col 56}{space 4} 1.184174{col 69}{space 3} 2.690565
{txt}{space 9}2001  {c |}{col 16}{res}{space 2} 1.997614{col 28}{space 2} .3887303{col 39}{space 1}    5.14{col 48}{space 3}0.000{col 56}{space 4} 1.229259{col 69}{space 3} 2.765969
{txt}{space 9}2002  {c |}{col 16}{res}{space 2} 2.073152{col 28}{space 2} .3957722{col 39}{space 1}    5.24{col 48}{space 3}0.000{col 56}{space 4} 1.290878{col 69}{space 3} 2.855425
{txt}{space 9}2003  {c |}{col 16}{res}{space 2} 2.156023{col 28}{space 2} .4070453{col 39}{space 1}    5.30{col 48}{space 3}0.000{col 56}{space 4} 1.351468{col 69}{space 3} 2.960579
{txt}{space 9}2004  {c |}{col 16}{res}{space 2} 2.242198{col 28}{space 2} .4221358{col 39}{space 1}    5.31{col 48}{space 3}0.000{col 56}{space 4} 1.407815{col 69}{space 3} 3.076581
{txt}{space 9}2005  {c |}{col 16}{res}{space 2} 2.142807{col 28}{space 2} .4373377{col 39}{space 1}    4.90{col 48}{space 3}0.000{col 56}{space 4} 1.278377{col 69}{space 3} 3.007238
{txt}{space 14} {c |}
{space 9}_cons {c |}{col 16}{res}{space 2} .7898784{col 28}{space 2} 2.426138{col 39}{space 1}    0.33{col 48}{space 3}0.745{col 56}{space 4}-4.005566{col 69}{space 3} 5.585323
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
       sigma_u {c |} {res} 3.0634844
       {txt}sigma_e {c |} {res} .84998586
           {txt}rho {c |} {res} .92852019{txt}   (fraction of variance due to u_i)
{hline 15}{c BT}{hline 64}

{com}. xtreg ckaopen2010 i.l.financial##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2339{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0557{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0339{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.52
{txt}corr(u_i, Xb) = {res}-0.9164{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 84:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 1}       ckaopen2010{col 20}{c |} Coefficient{col 32}  std. err.{col 44}      t{col 52}   P>|t|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.financial {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.7466379{col 32}{space 2} .1785181{col 43}{space 1}   -4.18{col 52}{space 3}0.000{col 60}{space 4}-1.099492{col 73}{space 3}-.3937835
{txt}{space 18} {c |}
{space 14}vdem {c |}{col 20}{res}{space 2}-.2202827{col 32}{space 2} .3250953{col 43}{space 1}   -0.68{col 52}{space 3}0.499{col 60}{space 4}-.8628579{col 73}{space 3} .4222925
{txt}{space 18} {c |}
L.financial#c.vdem {c |}
{space 16}1  {c |}{col 20}{res}{space 2} 1.462698{col 32}{space 2} .3583001{col 43}{space 1}    4.08{col 52}{space 3}0.000{col 60}{space 4} .7544911{col 73}{space 3} 2.170905
{txt}{space 18} {c |}
{space 6}targ_pop_log {c |}{col 20}{res}{space 2}-1.771554{col 32}{space 2} .4650141{col 43}{space 1}   -3.81{col 52}{space 3}0.000{col 60}{space 4}-2.690689{col 73}{space 3}-.8524189
{txt}{space 4}targ_gdppc_log {c |}{col 20}{res}{space 2} .2312617{col 32}{space 2} .2189109{col 43}{space 1}    1.06{col 52}{space 3}0.293{col 60}{space 4}-.2014321{col 73}{space 3} .6639556
{txt}{space 4}targ_gdpgrowth {c |}{col 20}{res}{space 2} .4924199{col 32}{space 2} .2597932{col 43}{space 1}    1.90{col 52}{space 3}0.060{col 60}{space 4}-.0210809{col 73}{space 3} 1.005921
{txt}{space 6}lntrade_open {c |}{col 20}{res}{space 2} .0616044{col 32}{space 2} .1414576{col 43}{space 1}    0.44{col 52}{space 3}0.664{col 60}{space 4} -.217997{col 73}{space 3} .3412059
{txt}{space 15}peg {c |}{col 20}{res}{space 2}-.1034549{col 32}{space 2} .0960778{col 43}{space 1}   -1.08{col 52}{space 3}0.283{col 60}{space 4}-.2933598{col 73}{space 3}   .08645
{txt}{space 10}underimf {c |}{col 20}{res}{space 2}-.0421603{col 32}{space 2} .0768031{col 43}{space 1}   -0.55{col 52}{space 3}0.584{col 60}{space 4}-.1939675{col 73}{space 3} .1096469
{txt}{space 18} {c |}
{space 14}year {c |}
{space 13}1971  {c |}{col 20}{res}{space 2} .1282061{col 32}{space 2} .0594628{col 43}{space 1}    2.16{col 52}{space 3}0.033{col 60}{space 4} .0106733{col 73}{space 3} .2457389
{txt}{space 13}1972  {c |}{col 20}{res}{space 2} .1408687{col 32}{space 2} .0701765{col 43}{space 1}    2.01{col 52}{space 3}0.047{col 60}{space 4} .0021597{col 73}{space 3} .2795778
{txt}{space 13}1973  {c |}{col 20}{res}{space 2} .2422713{col 32}{space 2} .0876305{col 43}{space 1}    2.76{col 52}{space 3}0.006{col 60}{space 4} .0690631{col 73}{space 3} .4154795
{txt}{space 13}1974  {c |}{col 20}{res}{space 2} .2838351{col 32}{space 2} .1289023{col 43}{space 1}    2.20{col 52}{space 3}0.029{col 60}{space 4}   .02905{col 73}{space 3} .5386203
{txt}{space 13}1975  {c |}{col 20}{res}{space 2} .3330661{col 32}{space 2} .1310788{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4}  .073979{col 73}{space 3} .5921533
{txt}{space 13}1976  {c |}{col 20}{res}{space 2} .3080473{col 32}{space 2} .1377561{col 43}{space 1}    2.24{col 52}{space 3}0.027{col 60}{space 4}  .035762{col 73}{space 3} .5803326
{txt}{space 13}1977  {c |}{col 20}{res}{space 2} .3748687{col 32}{space 2}  .152737{col 43}{space 1}    2.45{col 52}{space 3}0.015{col 60}{space 4} .0729727{col 73}{space 3} .6767648
{txt}{space 13}1978  {c |}{col 20}{res}{space 2} .4785665{col 32}{space 2} .1685626{col 43}{space 1}    2.84{col 52}{space 3}0.005{col 60}{space 4} .1453899{col 73}{space 3} .8117431
{txt}{space 13}1979  {c |}{col 20}{res}{space 2} .4888104{col 32}{space 2} .1927234{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4} .1078781{col 73}{space 3} .8697426
{txt}{space 13}1980  {c |}{col 20}{res}{space 2} .5257863{col 32}{space 2} .2131105{col 43}{space 1}    2.47{col 52}{space 3}0.015{col 60}{space 4} .1045575{col 73}{space 3} .9470151
{txt}{space 13}1981  {c |}{col 20}{res}{space 2} .4783901{col 32}{space 2} .2206373{col 43}{space 1}    2.17{col 52}{space 3}0.032{col 60}{space 4} .0422839{col 73}{space 3} .9144963
{txt}{space 13}1982  {c |}{col 20}{res}{space 2} .4614121{col 32}{space 2} .2088988{col 43}{space 1}    2.21{col 52}{space 3}0.029{col 60}{space 4}  .048508{col 73}{space 3} .8743162
{txt}{space 13}1983  {c |}{col 20}{res}{space 2} .4846674{col 32}{space 2}  .209442{col 43}{space 1}    2.31{col 52}{space 3}0.022{col 60}{space 4} .0706896{col 73}{space 3} .8986452
{txt}{space 13}1984  {c |}{col 20}{res}{space 2} .5283769{col 32}{space 2} .2252805{col 43}{space 1}    2.35{col 52}{space 3}0.020{col 60}{space 4}  .083093{col 73}{space 3} .9736608
{txt}{space 13}1985  {c |}{col 20}{res}{space 2} .5901379{col 32}{space 2} .2295691{col 43}{space 1}    2.57{col 52}{space 3}0.011{col 60}{space 4} .1363773{col 73}{space 3} 1.043898
{txt}{space 13}1986  {c |}{col 20}{res}{space 2} .6515104{col 32}{space 2} .2302988{col 43}{space 1}    2.83{col 52}{space 3}0.005{col 60}{space 4} .1963076{col 73}{space 3} 1.106713
{txt}{space 13}1987  {c |}{col 20}{res}{space 2}  .676683{col 32}{space 2} .2417792{col 43}{space 1}    2.80{col 52}{space 3}0.006{col 60}{space 4} .1987882{col 73}{space 3} 1.154578
{txt}{space 13}1988  {c |}{col 20}{res}{space 2} .7595192{col 32}{space 2} .2554862{col 43}{space 1}    2.97{col 52}{space 3}0.003{col 60}{space 4} .2545317{col 73}{space 3} 1.264507
{txt}{space 13}1989  {c |}{col 20}{res}{space 2}  .810174{col 32}{space 2} .2669573{col 43}{space 1}    3.03{col 52}{space 3}0.003{col 60}{space 4} .2825129{col 73}{space 3} 1.337835
{txt}{space 13}1990  {c |}{col 20}{res}{space 2} .8568985{col 32}{space 2} .2861461{col 43}{space 1}    2.99{col 52}{space 3}0.003{col 60}{space 4} .2913092{col 73}{space 3} 1.422488
{txt}{space 13}1991  {c |}{col 20}{res}{space 2} .9715825{col 32}{space 2} .2903697{col 43}{space 1}    3.35{col 52}{space 3}0.001{col 60}{space 4}  .397645{col 73}{space 3}  1.54552
{txt}{space 13}1992  {c |}{col 20}{res}{space 2} 1.091163{col 32}{space 2} .3003758{col 43}{space 1}    3.63{col 52}{space 3}0.000{col 60}{space 4} .4974476{col 73}{space 3} 1.684878
{txt}{space 13}1993  {c |}{col 20}{res}{space 2} 1.349614{col 32}{space 2} .3145785{col 43}{space 1}    4.29{col 52}{space 3}0.000{col 60}{space 4}  .727826{col 73}{space 3} 1.971402
{txt}{space 13}1994  {c |}{col 20}{res}{space 2} 1.510736{col 32}{space 2} .3223644{col 43}{space 1}    4.69{col 52}{space 3}0.000{col 60}{space 4} .8735584{col 73}{space 3} 2.147913
{txt}{space 13}1995  {c |}{col 20}{res}{space 2} 1.701729{col 32}{space 2} .3315989{col 43}{space 1}    5.13{col 52}{space 3}0.000{col 60}{space 4} 1.046299{col 73}{space 3} 2.357159
{txt}{space 13}1996  {c |}{col 20}{res}{space 2} 1.688157{col 32}{space 2} .3634376{col 43}{space 1}    4.64{col 52}{space 3}0.000{col 60}{space 4} .9697956{col 73}{space 3} 2.406519
{txt}{space 13}1997  {c |}{col 20}{res}{space 2} 1.765081{col 32}{space 2} .3603987{col 43}{space 1}    4.90{col 52}{space 3}0.000{col 60}{space 4} 1.052726{col 73}{space 3} 2.477436
{txt}{space 13}1998  {c |}{col 20}{res}{space 2} 1.806218{col 32}{space 2} .3675943{col 43}{space 1}    4.91{col 52}{space 3}0.000{col 60}{space 4}  1.07964{col 73}{space 3} 2.532795
{txt}{space 13}1999  {c |}{col 20}{res}{space 2} 1.887246{col 32}{space 2} .3742128{col 43}{space 1}    5.04{col 52}{space 3}0.000{col 60}{space 4} 1.147586{col 73}{space 3} 2.626905
{txt}{space 13}2000  {c |}{col 20}{res}{space 2} 1.935309{col 32}{space 2} .3816928{col 43}{space 1}    5.07{col 52}{space 3}0.000{col 60}{space 4} 1.180865{col 73}{space 3} 2.689754
{txt}{space 13}2001  {c |}{col 20}{res}{space 2} 2.000546{col 32}{space 2} .3889552{col 43}{space 1}    5.14{col 52}{space 3}0.000{col 60}{space 4} 1.231747{col 73}{space 3} 2.769345
{txt}{space 13}2002  {c |}{col 20}{res}{space 2} 2.070277{col 32}{space 2} .3961688{col 43}{space 1}    5.23{col 52}{space 3}0.000{col 60}{space 4}  1.28722{col 73}{space 3} 2.853335
{txt}{space 13}2003  {c |}{col 20}{res}{space 2} 2.154823{col 32}{space 2} .4075059{col 43}{space 1}    5.29{col 52}{space 3}0.000{col 60}{space 4} 1.349357{col 73}{space 3} 2.960289
{txt}{space 13}2004  {c |}{col 20}{res}{space 2} 2.158539{col 32}{space 2} .4228882{col 43}{space 1}    5.10{col 52}{space 3}0.000{col 60}{space 4} 1.322669{col 73}{space 3} 2.994409
{txt}{space 13}2005  {c |}{col 20}{res}{space 2} 2.136157{col 32}{space 2} .4375964{col 43}{space 1}    4.88{col 52}{space 3}0.000{col 60}{space 4} 1.271215{col 73}{space 3} 3.001099
{txt}{space 18} {c |}
{space 13}_cons {c |}{col 20}{res}{space 2} .8098047{col 32}{space 2} 2.431459{col 43}{space 1}    0.33{col 52}{space 3}0.740{col 60}{space 4}-3.996156{col 73}{space 3} 5.615766
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
           sigma_u {c |} {res} 3.0513899
           {txt}sigma_e {c |} {res} .84809717
               {txt}rho {c |} {res} .92829004{txt}   (fraction of variance due to u_i)
{hline 19}{c BT}{hline 64}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.financial##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2143{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0251{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0172{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.38
{txt}corr(u_i, Xb) = {res}-0.9264{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 87:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 23}{c |}{col 35}    Robust
{col 1}          ckaopen2010{col 23}{c |} Coefficient{col 35}  std. err.{col 47}      t{col 55}   P>|t|{col 63}     [95% con{col 76}f. interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.financial {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.4796796{col 35}{space 2} .1491773{col 46}{space 1}   -3.22{col 55}{space 3}0.002{col 63}{space 4} -.774424{col 76}{space 3}-.1849352
{txt}{space 21} {c |}
{space 10}1.democracy {c |}{col 23}{res}{space 2}-.1665711{col 35}{space 2} .1526487{col 46}{space 1}   -1.09{col 55}{space 3}0.277{col 63}{space 4}-.4681743{col 76}{space 3}  .135032
{txt}{space 21} {c |}
L.financial#democracy {c |}
{space 17}1 1  {c |}{col 23}{res}{space 2} .7230043{col 35}{space 2} .2138527{col 46}{space 1}    3.38{col 55}{space 3}0.001{col 63}{space 4} .3004744{col 76}{space 3} 1.145534
{txt}{space 21} {c |}
{space 9}targ_pop_log {c |}{col 23}{res}{space 2}-1.666873{col 35}{space 2} .4673413{col 46}{space 1}   -3.57{col 55}{space 3}0.000{col 63}{space 4}-2.590245{col 76}{space 3}-.7435001
{txt}{space 7}targ_gdppc_log {c |}{col 23}{res}{space 2} .2010703{col 35}{space 2} .2297363{col 46}{space 1}    0.88{col 55}{space 3}0.383{col 63}{space 4}-.2528424{col 76}{space 3}  .654983
{txt}{space 7}targ_gdpgrowth {c |}{col 23}{res}{space 2} .6007924{col 35}{space 2} .2680298{col 46}{space 1}    2.24{col 55}{space 3}0.026{col 63}{space 4} .0712194{col 76}{space 3} 1.130365
{txt}{space 9}lntrade_open {c |}{col 23}{res}{space 2} .1618869{col 35}{space 2} .1524462{col 46}{space 1}    1.06{col 55}{space 3}0.290{col 63}{space 4}-.1393162{col 76}{space 3} .4630901
{txt}{space 18}peg {c |}{col 23}{res}{space 2}-.0952551{col 35}{space 2} .0971106{col 46}{space 1}   -0.98{col 55}{space 3}0.328{col 63}{space 4}-.2871261{col 76}{space 3} .0966159
{txt}{space 13}underimf {c |}{col 23}{res}{space 2}-.0219044{col 35}{space 2} .0791394{col 46}{space 1}   -0.28{col 55}{space 3}0.782{col 63}{space 4}-.1782679{col 76}{space 3} .1344592
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}1971  {c |}{col 23}{res}{space 2} .1287575{col 35}{space 2} .0608433{col 46}{space 1}    2.12{col 55}{space 3}0.036{col 63}{space 4} .0085435{col 76}{space 3} .2489716
{txt}{space 16}1972  {c |}{col 23}{res}{space 2} .1312689{col 35}{space 2}  .069005{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0050712{col 76}{space 3}  .267609
{txt}{space 16}1973  {c |}{col 23}{res}{space 2} .2091128{col 35}{space 2} .0879928{col 46}{space 1}    2.38{col 55}{space 3}0.019{col 63}{space 4} .0352567{col 76}{space 3} .3829688
{txt}{space 16}1974  {c |}{col 23}{res}{space 2} .2151802{col 35}{space 2} .1333068{col 46}{space 1}    1.61{col 55}{space 3}0.109{col 63}{space 4}-.0482073{col 76}{space 3} .4785677
{txt}{space 16}1975  {c |}{col 23}{res}{space 2} .2847136{col 35}{space 2} .1368604{col 46}{space 1}    2.08{col 55}{space 3}0.039{col 63}{space 4}  .014305{col 76}{space 3} .5551222
{txt}{space 16}1976  {c |}{col 23}{res}{space 2} .2536752{col 35}{space 2} .1433294{col 46}{space 1}    1.77{col 55}{space 3}0.079{col 63}{space 4}-.0295149{col 76}{space 3} .5368653
{txt}{space 16}1977  {c |}{col 23}{res}{space 2} .3157432{col 35}{space 2}  .156233{col 46}{space 1}    2.02{col 55}{space 3}0.045{col 63}{space 4} .0070581{col 76}{space 3} .6244282
{txt}{space 16}1978  {c |}{col 23}{res}{space 2} .4001035{col 35}{space 2} .1712498{col 46}{space 1}    2.34{col 55}{space 3}0.021{col 63}{space 4} .0617484{col 76}{space 3} .7384586
{txt}{space 16}1979  {c |}{col 23}{res}{space 2}  .378879{col 35}{space 2} .1994478{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0151897{col 76}{space 3} .7729477
{txt}{space 16}1980  {c |}{col 23}{res}{space 2} .3903131{col 35}{space 2} .2237119{col 46}{space 1}    1.74{col 55}{space 3}0.083{col 63}{space 4}-.0516967{col 76}{space 3} .8323228
{txt}{space 16}1981  {c |}{col 23}{res}{space 2} .3597634{col 35}{space 2} .2306494{col 46}{space 1}    1.56{col 55}{space 3}0.121{col 63}{space 4}-.0959535{col 76}{space 3} .8154803
{txt}{space 16}1982  {c |}{col 23}{res}{space 2} .3619839{col 35}{space 2}  .217701{col 46}{space 1}    1.66{col 55}{space 3}0.098{col 63}{space 4}-.0681494{col 76}{space 3} .7921173
{txt}{space 16}1983  {c |}{col 23}{res}{space 2} .3897333{col 35}{space 2}  .218005{col 46}{space 1}    1.79{col 55}{space 3}0.076{col 63}{space 4}-.0410008{col 76}{space 3} .8204674
{txt}{space 16}1984  {c |}{col 23}{res}{space 2} .4455463{col 35}{space 2}  .231401{col 46}{space 1}    1.93{col 55}{space 3}0.056{col 63}{space 4}-.0116555{col 76}{space 3}  .902748
{txt}{space 16}1985  {c |}{col 23}{res}{space 2} .5068174{col 35}{space 2} .2346793{col 46}{space 1}    2.16{col 55}{space 3}0.032{col 63}{space 4} .0431382{col 76}{space 3} .9704966
{txt}{space 16}1986  {c |}{col 23}{res}{space 2} .5726025{col 35}{space 2}  .233983{col 46}{space 1}    2.45{col 55}{space 3}0.016{col 63}{space 4} .1102992{col 76}{space 3} 1.034906
{txt}{space 16}1987  {c |}{col 23}{res}{space 2} .5866438{col 35}{space 2} .2454748{col 46}{space 1}    2.39{col 55}{space 3}0.018{col 63}{space 4} .1016351{col 76}{space 3} 1.071653
{txt}{space 16}1988  {c |}{col 23}{res}{space 2}  .664336{col 35}{space 2} .2591609{col 46}{space 1}    2.56{col 55}{space 3}0.011{col 63}{space 4} .1522861{col 76}{space 3} 1.176386
{txt}{space 16}1989  {c |}{col 23}{res}{space 2} .7055046{col 35}{space 2} .2707626{col 46}{space 1}    2.61{col 55}{space 3}0.010{col 63}{space 4} .1705322{col 76}{space 3} 1.240477
{txt}{space 16}1990  {c |}{col 23}{res}{space 2} .7351135{col 35}{space 2} .2892643{col 46}{space 1}    2.54{col 55}{space 3}0.012{col 63}{space 4} .1635855{col 76}{space 3} 1.306641
{txt}{space 16}1991  {c |}{col 23}{res}{space 2} .8487314{col 35}{space 2} .2926838{col 46}{space 1}    2.90{col 55}{space 3}0.004{col 63}{space 4}  .270447{col 76}{space 3} 1.427016
{txt}{space 16}1992  {c |}{col 23}{res}{space 2} .9548448{col 35}{space 2} .3033016{col 46}{space 1}    3.15{col 55}{space 3}0.002{col 63}{space 4} .3555819{col 76}{space 3} 1.554108
{txt}{space 16}1993  {c |}{col 23}{res}{space 2} 1.218649{col 35}{space 2}  .313779{col 46}{space 1}    3.88{col 55}{space 3}0.000{col 63}{space 4} .5986846{col 76}{space 3} 1.838613
{txt}{space 16}1994  {c |}{col 23}{res}{space 2} 1.364374{col 35}{space 2} .3211445{col 46}{space 1}    4.25{col 55}{space 3}0.000{col 63}{space 4} .7298568{col 76}{space 3} 1.998891
{txt}{space 16}1995  {c |}{col 23}{res}{space 2} 1.527615{col 35}{space 2}   .33026{col 46}{space 1}    4.63{col 55}{space 3}0.000{col 63}{space 4} .8750875{col 76}{space 3} 2.180142
{txt}{space 16}1996  {c |}{col 23}{res}{space 2} 1.436725{col 35}{space 2} .3646166{col 46}{space 1}    3.94{col 55}{space 3}0.000{col 63}{space 4} .7163159{col 76}{space 3} 2.157134
{txt}{space 16}1997  {c |}{col 23}{res}{space 2} 1.525062{col 35}{space 2}  .362116{col 46}{space 1}    4.21{col 55}{space 3}0.000{col 63}{space 4} .8095931{col 76}{space 3}  2.24053
{txt}{space 16}1998  {c |}{col 23}{res}{space 2} 1.580041{col 35}{space 2}  .368243{col 46}{space 1}    4.29{col 55}{space 3}0.000{col 63}{space 4} .8524673{col 76}{space 3} 2.307615
{txt}{space 16}1999  {c |}{col 23}{res}{space 2} 1.662169{col 35}{space 2} .3751405{col 46}{space 1}    4.43{col 55}{space 3}0.000{col 63}{space 4} .9209669{col 76}{space 3} 2.403371
{txt}{space 16}2000  {c |}{col 23}{res}{space 2} 1.694595{col 35}{space 2} .3845141{col 46}{space 1}    4.41{col 55}{space 3}0.000{col 63}{space 4}  .934872{col 76}{space 3} 2.454317
{txt}{space 16}2001  {c |}{col 23}{res}{space 2} 1.753391{col 35}{space 2} .3911503{col 46}{space 1}    4.48{col 55}{space 3}0.000{col 63}{space 4} .9805563{col 76}{space 3} 2.526225
{txt}{space 16}2002  {c |}{col 23}{res}{space 2}  1.81028{col 35}{space 2} .3986214{col 46}{space 1}    4.54{col 55}{space 3}0.000{col 63}{space 4} 1.022685{col 76}{space 3} 2.597876
{txt}{space 16}2003  {c |}{col 23}{res}{space 2} 1.879678{col 35}{space 2} .4103012{col 46}{space 1}    4.58{col 55}{space 3}0.000{col 63}{space 4} 1.069006{col 76}{space 3} 2.690351
{txt}{space 16}2004  {c |}{col 23}{res}{space 2}   1.9061{col 35}{space 2} .4272304{col 46}{space 1}    4.46{col 55}{space 3}0.000{col 63}{space 4} 1.061979{col 76}{space 3} 2.750221
{txt}{space 16}2005  {c |}{col 23}{res}{space 2}  1.86677{col 35}{space 2} .4379576{col 46}{space 1}    4.26{col 55}{space 3}0.000{col 63}{space 4} 1.001454{col 76}{space 3} 2.732086
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} .8249485{col 35}{space 2} 2.510812{col 46}{space 1}    0.33{col 55}{space 3}0.743{col 63}{space 4}-4.135911{col 76}{space 3} 5.785807
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} 3.2878616
              {txt}sigma_e {c |} {res} .85262841
                  {txt}rho {c |} {res} .93698755{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}

{com}. estimates store fordem_fin
{txt}
{com}. coefplot fordem_fin, keep (0bL.financial 1L.financial 1.democracy 1L.financial#1.democracy) coeflabels (0bL.financial = "Untargeted Autocracy" 1L.financial = "Targeted Autocracy" 1.democracy = "Untargeted Democracy" 1L.financial#1.democracy = "Targeted Democracy") xlabel(,format(%9.1f)) xline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) levels(95 90) graphregion(color(white)) order(0bL.financial 1L.financial 1.democracy 1L.financial#1.democracy) xtitle(Effect on Capital Account Openness)
{res}{txt}
{com}. 
. xtreg ckaopen2010 l.financial##i.democracy $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,364
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       152

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2143{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0251{col 63}{txt}avg{col 67}={col 69}{res}      28.7
{txt}     Overall = {res}0.0172{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}151{txt}){col 67}={col 70}{res}     5.38
{txt}corr(u_i, Xb) = {res}-0.9264{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 87:(Std. err. adjusted for {res:152} clusters in {res:ccode})}
{hline 22}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 23}{c |}{col 35}    Robust
{col 1}          ckaopen2010{col 23}{c |} Coefficient{col 35}  std. err.{col 47}      t{col 55}   P>|t|{col 63}     [95% con{col 76}f. interval]
{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 10}L.financial {c |}
{space 19}1  {c |}{col 23}{res}{space 2}-.4796796{col 35}{space 2} .1491773{col 46}{space 1}   -3.22{col 55}{space 3}0.002{col 63}{space 4} -.774424{col 76}{space 3}-.1849352
{txt}{space 21} {c |}
{space 10}1.democracy {c |}{col 23}{res}{space 2}-.1665711{col 35}{space 2} .1526487{col 46}{space 1}   -1.09{col 55}{space 3}0.277{col 63}{space 4}-.4681743{col 76}{space 3}  .135032
{txt}{space 21} {c |}
L.financial#democracy {c |}
{space 17}1 1  {c |}{col 23}{res}{space 2} .7230043{col 35}{space 2} .2138527{col 46}{space 1}    3.38{col 55}{space 3}0.001{col 63}{space 4} .3004744{col 76}{space 3} 1.145534
{txt}{space 21} {c |}
{space 9}targ_pop_log {c |}{col 23}{res}{space 2}-1.666873{col 35}{space 2} .4673413{col 46}{space 1}   -3.57{col 55}{space 3}0.000{col 63}{space 4}-2.590245{col 76}{space 3}-.7435001
{txt}{space 7}targ_gdppc_log {c |}{col 23}{res}{space 2} .2010703{col 35}{space 2} .2297363{col 46}{space 1}    0.88{col 55}{space 3}0.383{col 63}{space 4}-.2528424{col 76}{space 3}  .654983
{txt}{space 7}targ_gdpgrowth {c |}{col 23}{res}{space 2} .6007924{col 35}{space 2} .2680298{col 46}{space 1}    2.24{col 55}{space 3}0.026{col 63}{space 4} .0712194{col 76}{space 3} 1.130365
{txt}{space 9}lntrade_open {c |}{col 23}{res}{space 2} .1618869{col 35}{space 2} .1524462{col 46}{space 1}    1.06{col 55}{space 3}0.290{col 63}{space 4}-.1393162{col 76}{space 3} .4630901
{txt}{space 18}peg {c |}{col 23}{res}{space 2}-.0952551{col 35}{space 2} .0971106{col 46}{space 1}   -0.98{col 55}{space 3}0.328{col 63}{space 4}-.2871261{col 76}{space 3} .0966159
{txt}{space 13}underimf {c |}{col 23}{res}{space 2}-.0219044{col 35}{space 2} .0791394{col 46}{space 1}   -0.28{col 55}{space 3}0.782{col 63}{space 4}-.1782679{col 76}{space 3} .1344592
{txt}{space 21} {c |}
{space 17}year {c |}
{space 16}1971  {c |}{col 23}{res}{space 2} .1287575{col 35}{space 2} .0608433{col 46}{space 1}    2.12{col 55}{space 3}0.036{col 63}{space 4} .0085435{col 76}{space 3} .2489716
{txt}{space 16}1972  {c |}{col 23}{res}{space 2} .1312689{col 35}{space 2}  .069005{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0050712{col 76}{space 3}  .267609
{txt}{space 16}1973  {c |}{col 23}{res}{space 2} .2091128{col 35}{space 2} .0879928{col 46}{space 1}    2.38{col 55}{space 3}0.019{col 63}{space 4} .0352567{col 76}{space 3} .3829688
{txt}{space 16}1974  {c |}{col 23}{res}{space 2} .2151802{col 35}{space 2} .1333068{col 46}{space 1}    1.61{col 55}{space 3}0.109{col 63}{space 4}-.0482073{col 76}{space 3} .4785677
{txt}{space 16}1975  {c |}{col 23}{res}{space 2} .2847136{col 35}{space 2} .1368604{col 46}{space 1}    2.08{col 55}{space 3}0.039{col 63}{space 4}  .014305{col 76}{space 3} .5551222
{txt}{space 16}1976  {c |}{col 23}{res}{space 2} .2536752{col 35}{space 2} .1433294{col 46}{space 1}    1.77{col 55}{space 3}0.079{col 63}{space 4}-.0295149{col 76}{space 3} .5368653
{txt}{space 16}1977  {c |}{col 23}{res}{space 2} .3157432{col 35}{space 2}  .156233{col 46}{space 1}    2.02{col 55}{space 3}0.045{col 63}{space 4} .0070581{col 76}{space 3} .6244282
{txt}{space 16}1978  {c |}{col 23}{res}{space 2} .4001035{col 35}{space 2} .1712498{col 46}{space 1}    2.34{col 55}{space 3}0.021{col 63}{space 4} .0617484{col 76}{space 3} .7384586
{txt}{space 16}1979  {c |}{col 23}{res}{space 2}  .378879{col 35}{space 2} .1994478{col 46}{space 1}    1.90{col 55}{space 3}0.059{col 63}{space 4}-.0151897{col 76}{space 3} .7729477
{txt}{space 16}1980  {c |}{col 23}{res}{space 2} .3903131{col 35}{space 2} .2237119{col 46}{space 1}    1.74{col 55}{space 3}0.083{col 63}{space 4}-.0516967{col 76}{space 3} .8323228
{txt}{space 16}1981  {c |}{col 23}{res}{space 2} .3597634{col 35}{space 2} .2306494{col 46}{space 1}    1.56{col 55}{space 3}0.121{col 63}{space 4}-.0959535{col 76}{space 3} .8154803
{txt}{space 16}1982  {c |}{col 23}{res}{space 2} .3619839{col 35}{space 2}  .217701{col 46}{space 1}    1.66{col 55}{space 3}0.098{col 63}{space 4}-.0681494{col 76}{space 3} .7921173
{txt}{space 16}1983  {c |}{col 23}{res}{space 2} .3897333{col 35}{space 2}  .218005{col 46}{space 1}    1.79{col 55}{space 3}0.076{col 63}{space 4}-.0410008{col 76}{space 3} .8204674
{txt}{space 16}1984  {c |}{col 23}{res}{space 2} .4455463{col 35}{space 2}  .231401{col 46}{space 1}    1.93{col 55}{space 3}0.056{col 63}{space 4}-.0116555{col 76}{space 3}  .902748
{txt}{space 16}1985  {c |}{col 23}{res}{space 2} .5068174{col 35}{space 2} .2346793{col 46}{space 1}    2.16{col 55}{space 3}0.032{col 63}{space 4} .0431382{col 76}{space 3} .9704966
{txt}{space 16}1986  {c |}{col 23}{res}{space 2} .5726025{col 35}{space 2}  .233983{col 46}{space 1}    2.45{col 55}{space 3}0.016{col 63}{space 4} .1102992{col 76}{space 3} 1.034906
{txt}{space 16}1987  {c |}{col 23}{res}{space 2} .5866438{col 35}{space 2} .2454748{col 46}{space 1}    2.39{col 55}{space 3}0.018{col 63}{space 4} .1016351{col 76}{space 3} 1.071653
{txt}{space 16}1988  {c |}{col 23}{res}{space 2}  .664336{col 35}{space 2} .2591609{col 46}{space 1}    2.56{col 55}{space 3}0.011{col 63}{space 4} .1522861{col 76}{space 3} 1.176386
{txt}{space 16}1989  {c |}{col 23}{res}{space 2} .7055046{col 35}{space 2} .2707626{col 46}{space 1}    2.61{col 55}{space 3}0.010{col 63}{space 4} .1705322{col 76}{space 3} 1.240477
{txt}{space 16}1990  {c |}{col 23}{res}{space 2} .7351135{col 35}{space 2} .2892643{col 46}{space 1}    2.54{col 55}{space 3}0.012{col 63}{space 4} .1635855{col 76}{space 3} 1.306641
{txt}{space 16}1991  {c |}{col 23}{res}{space 2} .8487314{col 35}{space 2} .2926838{col 46}{space 1}    2.90{col 55}{space 3}0.004{col 63}{space 4}  .270447{col 76}{space 3} 1.427016
{txt}{space 16}1992  {c |}{col 23}{res}{space 2} .9548448{col 35}{space 2} .3033016{col 46}{space 1}    3.15{col 55}{space 3}0.002{col 63}{space 4} .3555819{col 76}{space 3} 1.554108
{txt}{space 16}1993  {c |}{col 23}{res}{space 2} 1.218649{col 35}{space 2}  .313779{col 46}{space 1}    3.88{col 55}{space 3}0.000{col 63}{space 4} .5986846{col 76}{space 3} 1.838613
{txt}{space 16}1994  {c |}{col 23}{res}{space 2} 1.364374{col 35}{space 2} .3211445{col 46}{space 1}    4.25{col 55}{space 3}0.000{col 63}{space 4} .7298568{col 76}{space 3} 1.998891
{txt}{space 16}1995  {c |}{col 23}{res}{space 2} 1.527615{col 35}{space 2}   .33026{col 46}{space 1}    4.63{col 55}{space 3}0.000{col 63}{space 4} .8750875{col 76}{space 3} 2.180142
{txt}{space 16}1996  {c |}{col 23}{res}{space 2} 1.436725{col 35}{space 2} .3646166{col 46}{space 1}    3.94{col 55}{space 3}0.000{col 63}{space 4} .7163159{col 76}{space 3} 2.157134
{txt}{space 16}1997  {c |}{col 23}{res}{space 2} 1.525062{col 35}{space 2}  .362116{col 46}{space 1}    4.21{col 55}{space 3}0.000{col 63}{space 4} .8095931{col 76}{space 3}  2.24053
{txt}{space 16}1998  {c |}{col 23}{res}{space 2} 1.580041{col 35}{space 2}  .368243{col 46}{space 1}    4.29{col 55}{space 3}0.000{col 63}{space 4} .8524673{col 76}{space 3} 2.307615
{txt}{space 16}1999  {c |}{col 23}{res}{space 2} 1.662169{col 35}{space 2} .3751405{col 46}{space 1}    4.43{col 55}{space 3}0.000{col 63}{space 4} .9209669{col 76}{space 3} 2.403371
{txt}{space 16}2000  {c |}{col 23}{res}{space 2} 1.694595{col 35}{space 2} .3845141{col 46}{space 1}    4.41{col 55}{space 3}0.000{col 63}{space 4}  .934872{col 76}{space 3} 2.454317
{txt}{space 16}2001  {c |}{col 23}{res}{space 2} 1.753391{col 35}{space 2} .3911503{col 46}{space 1}    4.48{col 55}{space 3}0.000{col 63}{space 4} .9805563{col 76}{space 3} 2.526225
{txt}{space 16}2002  {c |}{col 23}{res}{space 2}  1.81028{col 35}{space 2} .3986214{col 46}{space 1}    4.54{col 55}{space 3}0.000{col 63}{space 4} 1.022685{col 76}{space 3} 2.597876
{txt}{space 16}2003  {c |}{col 23}{res}{space 2} 1.879678{col 35}{space 2} .4103012{col 46}{space 1}    4.58{col 55}{space 3}0.000{col 63}{space 4} 1.069006{col 76}{space 3} 2.690351
{txt}{space 16}2004  {c |}{col 23}{res}{space 2}   1.9061{col 35}{space 2} .4272304{col 46}{space 1}    4.46{col 55}{space 3}0.000{col 63}{space 4} 1.061979{col 76}{space 3} 2.750221
{txt}{space 16}2005  {c |}{col 23}{res}{space 2}  1.86677{col 35}{space 2} .4379576{col 46}{space 1}    4.26{col 55}{space 3}0.000{col 63}{space 4} 1.001454{col 76}{space 3} 2.732086
{txt}{space 21} {c |}
{space 16}_cons {c |}{col 23}{res}{space 2} .8249485{col 35}{space 2} 2.510812{col 46}{space 1}    0.33{col 55}{space 3}0.743{col 63}{space 4}-4.135911{col 76}{space 3} 5.785807
{txt}{hline 22}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
              sigma_u {c |} {res} 3.2878616
              {txt}sigma_e {c |} {res} .85262841
                  {txt}rho {c |} {res} .93698755{txt}   (fraction of variance due to u_i)
{hline 22}{c BT}{hline 64}

{com}. margins, dydx(l.financial) over(democracy)
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,364}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.financial}{p_end}
{p2col:Over:}{res:democracy}{p_end}
{p2colreset}{...}

{res}{txt}{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27} Delta-method
{col 15}{c |}      dy/dx{col 27}   std. err.{col 39}      z{col 47}   P>|z|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.financial {col 15}{txt}{c |}  (base outcome)
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.financial  {txt}{c |}
{space 4}democracy {c |}
{space 11}0  {c |}{col 15}{res}{space 2}-.4796796{col 27}{space 2} .1491773{col 38}{space 1}   -3.22{col 47}{space 3}0.001{col 55}{space 4}-.7720618{col 68}{space 3}-.1872974
{txt}{space 11}1  {c |}{col 15}{res}{space 2} .2433246{col 27}{space 2} .1507677{col 38}{space 1}    1.61{col 47}{space 3}0.107{col 55}{space 4}-.0521746{col 68}{space 3} .5388239
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 79}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) xlabel(0 "Autocracy" 1 "Democracy") graphregion(color(white))
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:democracy}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. xtreg ckaopen2010 l.financial##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2339{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0557{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0339{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.52
{txt}corr(u_i, Xb) = {res}-0.9164{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 84:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 1}       ckaopen2010{col 20}{c |} Coefficient{col 32}  std. err.{col 44}      t{col 52}   P>|t|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.financial {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.7466379{col 32}{space 2} .1785181{col 43}{space 1}   -4.18{col 52}{space 3}0.000{col 60}{space 4}-1.099492{col 73}{space 3}-.3937835
{txt}{space 18} {c |}
{space 14}vdem {c |}{col 20}{res}{space 2}-.2202827{col 32}{space 2} .3250953{col 43}{space 1}   -0.68{col 52}{space 3}0.499{col 60}{space 4}-.8628579{col 73}{space 3} .4222925
{txt}{space 18} {c |}
L.financial#c.vdem {c |}
{space 16}1  {c |}{col 20}{res}{space 2} 1.462698{col 32}{space 2} .3583001{col 43}{space 1}    4.08{col 52}{space 3}0.000{col 60}{space 4} .7544911{col 73}{space 3} 2.170905
{txt}{space 18} {c |}
{space 6}targ_pop_log {c |}{col 20}{res}{space 2}-1.771554{col 32}{space 2} .4650141{col 43}{space 1}   -3.81{col 52}{space 3}0.000{col 60}{space 4}-2.690689{col 73}{space 3}-.8524189
{txt}{space 4}targ_gdppc_log {c |}{col 20}{res}{space 2} .2312617{col 32}{space 2} .2189109{col 43}{space 1}    1.06{col 52}{space 3}0.293{col 60}{space 4}-.2014321{col 73}{space 3} .6639556
{txt}{space 4}targ_gdpgrowth {c |}{col 20}{res}{space 2} .4924199{col 32}{space 2} .2597932{col 43}{space 1}    1.90{col 52}{space 3}0.060{col 60}{space 4}-.0210809{col 73}{space 3} 1.005921
{txt}{space 6}lntrade_open {c |}{col 20}{res}{space 2} .0616044{col 32}{space 2} .1414576{col 43}{space 1}    0.44{col 52}{space 3}0.664{col 60}{space 4} -.217997{col 73}{space 3} .3412059
{txt}{space 15}peg {c |}{col 20}{res}{space 2}-.1034549{col 32}{space 2} .0960778{col 43}{space 1}   -1.08{col 52}{space 3}0.283{col 60}{space 4}-.2933598{col 73}{space 3}   .08645
{txt}{space 10}underimf {c |}{col 20}{res}{space 2}-.0421603{col 32}{space 2} .0768031{col 43}{space 1}   -0.55{col 52}{space 3}0.584{col 60}{space 4}-.1939675{col 73}{space 3} .1096469
{txt}{space 18} {c |}
{space 14}year {c |}
{space 13}1971  {c |}{col 20}{res}{space 2} .1282061{col 32}{space 2} .0594628{col 43}{space 1}    2.16{col 52}{space 3}0.033{col 60}{space 4} .0106733{col 73}{space 3} .2457389
{txt}{space 13}1972  {c |}{col 20}{res}{space 2} .1408687{col 32}{space 2} .0701765{col 43}{space 1}    2.01{col 52}{space 3}0.047{col 60}{space 4} .0021597{col 73}{space 3} .2795778
{txt}{space 13}1973  {c |}{col 20}{res}{space 2} .2422713{col 32}{space 2} .0876305{col 43}{space 1}    2.76{col 52}{space 3}0.006{col 60}{space 4} .0690631{col 73}{space 3} .4154795
{txt}{space 13}1974  {c |}{col 20}{res}{space 2} .2838351{col 32}{space 2} .1289023{col 43}{space 1}    2.20{col 52}{space 3}0.029{col 60}{space 4}   .02905{col 73}{space 3} .5386203
{txt}{space 13}1975  {c |}{col 20}{res}{space 2} .3330661{col 32}{space 2} .1310788{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4}  .073979{col 73}{space 3} .5921533
{txt}{space 13}1976  {c |}{col 20}{res}{space 2} .3080473{col 32}{space 2} .1377561{col 43}{space 1}    2.24{col 52}{space 3}0.027{col 60}{space 4}  .035762{col 73}{space 3} .5803326
{txt}{space 13}1977  {c |}{col 20}{res}{space 2} .3748687{col 32}{space 2}  .152737{col 43}{space 1}    2.45{col 52}{space 3}0.015{col 60}{space 4} .0729727{col 73}{space 3} .6767648
{txt}{space 13}1978  {c |}{col 20}{res}{space 2} .4785665{col 32}{space 2} .1685626{col 43}{space 1}    2.84{col 52}{space 3}0.005{col 60}{space 4} .1453899{col 73}{space 3} .8117431
{txt}{space 13}1979  {c |}{col 20}{res}{space 2} .4888104{col 32}{space 2} .1927234{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4} .1078781{col 73}{space 3} .8697426
{txt}{space 13}1980  {c |}{col 20}{res}{space 2} .5257863{col 32}{space 2} .2131105{col 43}{space 1}    2.47{col 52}{space 3}0.015{col 60}{space 4} .1045575{col 73}{space 3} .9470151
{txt}{space 13}1981  {c |}{col 20}{res}{space 2} .4783901{col 32}{space 2} .2206373{col 43}{space 1}    2.17{col 52}{space 3}0.032{col 60}{space 4} .0422839{col 73}{space 3} .9144963
{txt}{space 13}1982  {c |}{col 20}{res}{space 2} .4614121{col 32}{space 2} .2088988{col 43}{space 1}    2.21{col 52}{space 3}0.029{col 60}{space 4}  .048508{col 73}{space 3} .8743162
{txt}{space 13}1983  {c |}{col 20}{res}{space 2} .4846674{col 32}{space 2}  .209442{col 43}{space 1}    2.31{col 52}{space 3}0.022{col 60}{space 4} .0706896{col 73}{space 3} .8986452
{txt}{space 13}1984  {c |}{col 20}{res}{space 2} .5283769{col 32}{space 2} .2252805{col 43}{space 1}    2.35{col 52}{space 3}0.020{col 60}{space 4}  .083093{col 73}{space 3} .9736608
{txt}{space 13}1985  {c |}{col 20}{res}{space 2} .5901379{col 32}{space 2} .2295691{col 43}{space 1}    2.57{col 52}{space 3}0.011{col 60}{space 4} .1363773{col 73}{space 3} 1.043898
{txt}{space 13}1986  {c |}{col 20}{res}{space 2} .6515104{col 32}{space 2} .2302988{col 43}{space 1}    2.83{col 52}{space 3}0.005{col 60}{space 4} .1963076{col 73}{space 3} 1.106713
{txt}{space 13}1987  {c |}{col 20}{res}{space 2}  .676683{col 32}{space 2} .2417792{col 43}{space 1}    2.80{col 52}{space 3}0.006{col 60}{space 4} .1987882{col 73}{space 3} 1.154578
{txt}{space 13}1988  {c |}{col 20}{res}{space 2} .7595192{col 32}{space 2} .2554862{col 43}{space 1}    2.97{col 52}{space 3}0.003{col 60}{space 4} .2545317{col 73}{space 3} 1.264507
{txt}{space 13}1989  {c |}{col 20}{res}{space 2}  .810174{col 32}{space 2} .2669573{col 43}{space 1}    3.03{col 52}{space 3}0.003{col 60}{space 4} .2825129{col 73}{space 3} 1.337835
{txt}{space 13}1990  {c |}{col 20}{res}{space 2} .8568985{col 32}{space 2} .2861461{col 43}{space 1}    2.99{col 52}{space 3}0.003{col 60}{space 4} .2913092{col 73}{space 3} 1.422488
{txt}{space 13}1991  {c |}{col 20}{res}{space 2} .9715825{col 32}{space 2} .2903697{col 43}{space 1}    3.35{col 52}{space 3}0.001{col 60}{space 4}  .397645{col 73}{space 3}  1.54552
{txt}{space 13}1992  {c |}{col 20}{res}{space 2} 1.091163{col 32}{space 2} .3003758{col 43}{space 1}    3.63{col 52}{space 3}0.000{col 60}{space 4} .4974476{col 73}{space 3} 1.684878
{txt}{space 13}1993  {c |}{col 20}{res}{space 2} 1.349614{col 32}{space 2} .3145785{col 43}{space 1}    4.29{col 52}{space 3}0.000{col 60}{space 4}  .727826{col 73}{space 3} 1.971402
{txt}{space 13}1994  {c |}{col 20}{res}{space 2} 1.510736{col 32}{space 2} .3223644{col 43}{space 1}    4.69{col 52}{space 3}0.000{col 60}{space 4} .8735584{col 73}{space 3} 2.147913
{txt}{space 13}1995  {c |}{col 20}{res}{space 2} 1.701729{col 32}{space 2} .3315989{col 43}{space 1}    5.13{col 52}{space 3}0.000{col 60}{space 4} 1.046299{col 73}{space 3} 2.357159
{txt}{space 13}1996  {c |}{col 20}{res}{space 2} 1.688157{col 32}{space 2} .3634376{col 43}{space 1}    4.64{col 52}{space 3}0.000{col 60}{space 4} .9697956{col 73}{space 3} 2.406519
{txt}{space 13}1997  {c |}{col 20}{res}{space 2} 1.765081{col 32}{space 2} .3603987{col 43}{space 1}    4.90{col 52}{space 3}0.000{col 60}{space 4} 1.052726{col 73}{space 3} 2.477436
{txt}{space 13}1998  {c |}{col 20}{res}{space 2} 1.806218{col 32}{space 2} .3675943{col 43}{space 1}    4.91{col 52}{space 3}0.000{col 60}{space 4}  1.07964{col 73}{space 3} 2.532795
{txt}{space 13}1999  {c |}{col 20}{res}{space 2} 1.887246{col 32}{space 2} .3742128{col 43}{space 1}    5.04{col 52}{space 3}0.000{col 60}{space 4} 1.147586{col 73}{space 3} 2.626905
{txt}{space 13}2000  {c |}{col 20}{res}{space 2} 1.935309{col 32}{space 2} .3816928{col 43}{space 1}    5.07{col 52}{space 3}0.000{col 60}{space 4} 1.180865{col 73}{space 3} 2.689754
{txt}{space 13}2001  {c |}{col 20}{res}{space 2} 2.000546{col 32}{space 2} .3889552{col 43}{space 1}    5.14{col 52}{space 3}0.000{col 60}{space 4} 1.231747{col 73}{space 3} 2.769345
{txt}{space 13}2002  {c |}{col 20}{res}{space 2} 2.070277{col 32}{space 2} .3961688{col 43}{space 1}    5.23{col 52}{space 3}0.000{col 60}{space 4}  1.28722{col 73}{space 3} 2.853335
{txt}{space 13}2003  {c |}{col 20}{res}{space 2} 2.154823{col 32}{space 2} .4075059{col 43}{space 1}    5.29{col 52}{space 3}0.000{col 60}{space 4} 1.349357{col 73}{space 3} 2.960289
{txt}{space 13}2004  {c |}{col 20}{res}{space 2} 2.158539{col 32}{space 2} .4228882{col 43}{space 1}    5.10{col 52}{space 3}0.000{col 60}{space 4} 1.322669{col 73}{space 3} 2.994409
{txt}{space 13}2005  {c |}{col 20}{res}{space 2} 2.136157{col 32}{space 2} .4375964{col 43}{space 1}    4.88{col 52}{space 3}0.000{col 60}{space 4} 1.271215{col 73}{space 3} 3.001099
{txt}{space 18} {c |}
{space 13}_cons {c |}{col 20}{res}{space 2} .8098047{col 32}{space 2} 2.431459{col 43}{space 1}    0.33{col 52}{space 3}0.740{col 60}{space 4}-3.996156{col 73}{space 3} 5.615766
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
           sigma_u {c |} {res} 3.0513899
           {txt}sigma_e {c |} {res} .84809717
               {txt}rho {c |} {res} .92829004{txt}   (fraction of variance due to u_i)
{hline 19}{c BT}{hline 64}

{com}. margins, dydx(l.financial) at(vdem=(0 (.05) 1))
{res}
{txt}{col 1}Average marginal effects{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,229}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2col:dy/dx wrt:}{res:1L.financial}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:0}}
{lalign 8:2._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.05}}
{lalign 8:3._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.1}}
{lalign 8:4._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.15}}
{lalign 8:5._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.2}}
{lalign 8:6._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.25}}
{lalign 8:7._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.3}}
{lalign 8:8._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.35}}
{lalign 8:9._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.4}}
{lalign 8:10._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.45}}
{lalign 8:11._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.5}}
{lalign 8:12._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.55}}
{lalign 8:13._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.6}}
{lalign 8:14._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.65}}
{lalign 8:15._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.7}}
{lalign 8:16._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.75}}
{lalign 8:17._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.8}}
{lalign 8:18._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.85}}
{lalign 8:19._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.9}}
{lalign 8:20._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:.95}}
{lalign 8:21._at: }{space 0}{lalign 4:vdem} = {res:{ralign 3:1}}

{res}{txt}{hline 14}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 15}{c |}{col 27} Delta-method
{col 15}{c |}      dy/dx{col 27}   std. err.{col 39}      z{col 47}   P>|z|{col 55}     [95% con{col 68}f. interval]
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}0L.financial {col 15}{txt}{c |}  (base outcome)
{hline 14}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}1L.financial  {txt}{c |}
{space 10}_at {c |}
{space 11}1  {c |}{col 15}{res}{space 2}-.7466379{col 27}{space 2} .1785181{col 38}{space 1}   -4.18{col 47}{space 3}0.000{col 55}{space 4}-1.096527{col 68}{space 3}-.3967488
{txt}{space 11}2  {c |}{col 15}{res}{space 2} -.673503{col 27}{space 2} .1640547{col 38}{space 1}   -4.11{col 47}{space 3}0.000{col 55}{space 4}-.9950442{col 68}{space 3}-.3519617
{txt}{space 11}3  {c |}{col 15}{res}{space 2}-.6003681{col 27}{space 2} .1503365{col 38}{space 1}   -3.99{col 47}{space 3}0.000{col 55}{space 4}-.8950222{col 68}{space 3}-.3057139
{txt}{space 11}4  {c |}{col 15}{res}{space 2}-.5272331{col 27}{space 2} .1375867{col 38}{space 1}   -3.83{col 47}{space 3}0.000{col 55}{space 4} -.796898{col 68}{space 3}-.2575683
{txt}{space 11}5  {c |}{col 15}{res}{space 2}-.4540982{col 27}{space 2} .1260992{col 38}{space 1}   -3.60{col 47}{space 3}0.000{col 55}{space 4}-.7012481{col 68}{space 3}-.2069484
{txt}{space 11}6  {c |}{col 15}{res}{space 2}-.3809633{col 27}{space 2} .1162489{col 38}{space 1}   -3.28{col 47}{space 3}0.001{col 55}{space 4} -.608807{col 68}{space 3}-.1531196
{txt}{space 11}7  {c |}{col 15}{res}{space 2}-.3078284{col 27}{space 2} .1084828{col 38}{space 1}   -2.84{col 47}{space 3}0.005{col 55}{space 4}-.5204508{col 68}{space 3} -.095206
{txt}{space 11}8  {c |}{col 15}{res}{space 2}-.2346935{col 27}{space 2} .1032721{col 38}{space 1}   -2.27{col 47}{space 3}0.023{col 55}{space 4} -.437103{col 68}{space 3} -.032284
{txt}{space 11}9  {c |}{col 15}{res}{space 2}-.1615586{col 27}{space 2} .1010129{col 38}{space 1}   -1.60{col 47}{space 3}0.110{col 55}{space 4}-.3595403{col 68}{space 3} .0364231
{txt}{space 10}10  {c |}{col 15}{res}{space 2}-.0884237{col 27}{space 2} .1019019{col 38}{space 1}   -0.87{col 47}{space 3}0.386{col 55}{space 4}-.2881478{col 68}{space 3} .1113004
{txt}{space 10}11  {c |}{col 15}{res}{space 2}-.0152888{col 27}{space 2} .1058598{col 38}{space 1}   -0.14{col 47}{space 3}0.885{col 55}{space 4}-.2227701{col 68}{space 3} .1921925
{txt}{space 10}12  {c |}{col 15}{res}{space 2} .0578461{col 27}{space 2} .1125632{col 38}{space 1}    0.51{col 47}{space 3}0.607{col 55}{space 4}-.1627736{col 68}{space 3} .2784659
{txt}{space 10}13  {c |}{col 15}{res}{space 2} .1309811{col 27}{space 2} .1215588{col 38}{space 1}    1.08{col 47}{space 3}0.281{col 55}{space 4}-.1072698{col 68}{space 3} .3692319
{txt}{space 10}14  {c |}{col 15}{res}{space 2} .2041159{col 27}{space 2} .1323802{col 38}{space 1}    1.54{col 47}{space 3}0.123{col 55}{space 4}-.0553445{col 68}{space 3} .4635763
{txt}{space 10}15  {c |}{col 15}{res}{space 2} .2772508{col 27}{space 2}  .144618{col 38}{space 1}    1.92{col 47}{space 3}0.055{col 55}{space 4}-.0061953{col 68}{space 3} .5606969
{txt}{space 10}16  {c |}{col 15}{res}{space 2} .3503857{col 27}{space 2} .1579434{col 38}{space 1}    2.22{col 47}{space 3}0.027{col 55}{space 4} .0408223{col 68}{space 3} .6599492
{txt}{space 10}17  {c |}{col 15}{res}{space 2} .4235207{col 27}{space 2}  .172104{col 38}{space 1}    2.46{col 47}{space 3}0.014{col 55}{space 4}  .086203{col 68}{space 3} .7608383
{txt}{space 10}18  {c |}{col 15}{res}{space 2} .4966556{col 27}{space 2}   .18691{col 38}{space 1}    2.66{col 47}{space 3}0.008{col 55}{space 4} .1303188{col 68}{space 3} .8629924
{txt}{space 10}19  {c |}{col 15}{res}{space 2} .5697904{col 27}{space 2} .2022196{col 38}{space 1}    2.82{col 47}{space 3}0.005{col 55}{space 4} .1734473{col 68}{space 3} .9661336
{txt}{space 10}20  {c |}{col 15}{res}{space 2} .6429254{col 27}{space 2} .2179269{col 38}{space 1}    2.95{col 47}{space 3}0.003{col 55}{space 4} .2157966{col 68}{space 3} 1.070054
{txt}{space 10}21  {c |}{col 15}{res}{space 2} .7160603{col 27}{space 2} .2339516{col 38}{space 1}    3.06{col 47}{space 3}0.002{col 55}{space 4} .2575236{col 68}{space 3} 1.174597
{txt}{hline 14}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{p 0 6 0 79}Note: dy/dx for factor levels is the discrete change from the base level.{txt}{p_end}
{res}{txt}
{com}. marginsplot, yline(0, lstyle(grid) lcolor(gs8) lpattern(dash)) addplot(hist vdem if e(sample), below percent bin(200) lcolor(black*0.5) fcolor(white) yaxis(2) yscale(off axis(2))) graphregion(color(white)) legend (off)    scheme(s1mono)  recastci(rline) recast(line)
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:vdem}{p_end}
{res}{txt}
{com}. 
. xtreg ckaopen2010 l.financial##c.vdem $controls i.year, fe cl(ccode)
{res}
{txt}Fixed-effects (within) regression{col 49}Number of obs{col 67}={col 69}{res}     4,229
{txt}Group variable: {res}ccode{txt}{col 49}Number of groups{col 67}={col 69}{res}       145

{txt}R-squared:{col 49}Obs per group:
     Within  = {res}0.2339{col 63}{txt}min{col 67}={col 69}{res}         4
{txt}     Between = {res}0.0557{col 63}{txt}avg{col 67}={col 69}{res}      29.2
{txt}     Overall = {res}0.0339{col 63}{txt}max{col 67}={col 69}{res}        36

{txt}{col 49}F({res}44{txt}, {res}144{txt}){col 67}={col 70}{res}     5.52
{txt}corr(u_i, Xb) = {res}-0.9164{txt}{col 49}Prob > F{col 67}={col 73}{res}0.0000

{txt}{ralign 84:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 19}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 20}{c |}{col 32}    Robust
{col 1}       ckaopen2010{col 20}{c |} Coefficient{col 32}  std. err.{col 44}      t{col 52}   P>|t|{col 60}     [95% con{col 73}f. interval]
{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 7}L.financial {c |}
{space 16}1  {c |}{col 20}{res}{space 2}-.7466379{col 32}{space 2} .1785181{col 43}{space 1}   -4.18{col 52}{space 3}0.000{col 60}{space 4}-1.099492{col 73}{space 3}-.3937835
{txt}{space 18} {c |}
{space 14}vdem {c |}{col 20}{res}{space 2}-.2202827{col 32}{space 2} .3250953{col 43}{space 1}   -0.68{col 52}{space 3}0.499{col 60}{space 4}-.8628579{col 73}{space 3} .4222925
{txt}{space 18} {c |}
L.financial#c.vdem {c |}
{space 16}1  {c |}{col 20}{res}{space 2} 1.462698{col 32}{space 2} .3583001{col 43}{space 1}    4.08{col 52}{space 3}0.000{col 60}{space 4} .7544911{col 73}{space 3} 2.170905
{txt}{space 18} {c |}
{space 6}targ_pop_log {c |}{col 20}{res}{space 2}-1.771554{col 32}{space 2} .4650141{col 43}{space 1}   -3.81{col 52}{space 3}0.000{col 60}{space 4}-2.690689{col 73}{space 3}-.8524189
{txt}{space 4}targ_gdppc_log {c |}{col 20}{res}{space 2} .2312617{col 32}{space 2} .2189109{col 43}{space 1}    1.06{col 52}{space 3}0.293{col 60}{space 4}-.2014321{col 73}{space 3} .6639556
{txt}{space 4}targ_gdpgrowth {c |}{col 20}{res}{space 2} .4924199{col 32}{space 2} .2597932{col 43}{space 1}    1.90{col 52}{space 3}0.060{col 60}{space 4}-.0210809{col 73}{space 3} 1.005921
{txt}{space 6}lntrade_open {c |}{col 20}{res}{space 2} .0616044{col 32}{space 2} .1414576{col 43}{space 1}    0.44{col 52}{space 3}0.664{col 60}{space 4} -.217997{col 73}{space 3} .3412059
{txt}{space 15}peg {c |}{col 20}{res}{space 2}-.1034549{col 32}{space 2} .0960778{col 43}{space 1}   -1.08{col 52}{space 3}0.283{col 60}{space 4}-.2933598{col 73}{space 3}   .08645
{txt}{space 10}underimf {c |}{col 20}{res}{space 2}-.0421603{col 32}{space 2} .0768031{col 43}{space 1}   -0.55{col 52}{space 3}0.584{col 60}{space 4}-.1939675{col 73}{space 3} .1096469
{txt}{space 18} {c |}
{space 14}year {c |}
{space 13}1971  {c |}{col 20}{res}{space 2} .1282061{col 32}{space 2} .0594628{col 43}{space 1}    2.16{col 52}{space 3}0.033{col 60}{space 4} .0106733{col 73}{space 3} .2457389
{txt}{space 13}1972  {c |}{col 20}{res}{space 2} .1408687{col 32}{space 2} .0701765{col 43}{space 1}    2.01{col 52}{space 3}0.047{col 60}{space 4} .0021597{col 73}{space 3} .2795778
{txt}{space 13}1973  {c |}{col 20}{res}{space 2} .2422713{col 32}{space 2} .0876305{col 43}{space 1}    2.76{col 52}{space 3}0.006{col 60}{space 4} .0690631{col 73}{space 3} .4154795
{txt}{space 13}1974  {c |}{col 20}{res}{space 2} .2838351{col 32}{space 2} .1289023{col 43}{space 1}    2.20{col 52}{space 3}0.029{col 60}{space 4}   .02905{col 73}{space 3} .5386203
{txt}{space 13}1975  {c |}{col 20}{res}{space 2} .3330661{col 32}{space 2} .1310788{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4}  .073979{col 73}{space 3} .5921533
{txt}{space 13}1976  {c |}{col 20}{res}{space 2} .3080473{col 32}{space 2} .1377561{col 43}{space 1}    2.24{col 52}{space 3}0.027{col 60}{space 4}  .035762{col 73}{space 3} .5803326
{txt}{space 13}1977  {c |}{col 20}{res}{space 2} .3748687{col 32}{space 2}  .152737{col 43}{space 1}    2.45{col 52}{space 3}0.015{col 60}{space 4} .0729727{col 73}{space 3} .6767648
{txt}{space 13}1978  {c |}{col 20}{res}{space 2} .4785665{col 32}{space 2} .1685626{col 43}{space 1}    2.84{col 52}{space 3}0.005{col 60}{space 4} .1453899{col 73}{space 3} .8117431
{txt}{space 13}1979  {c |}{col 20}{res}{space 2} .4888104{col 32}{space 2} .1927234{col 43}{space 1}    2.54{col 52}{space 3}0.012{col 60}{space 4} .1078781{col 73}{space 3} .8697426
{txt}{space 13}1980  {c |}{col 20}{res}{space 2} .5257863{col 32}{space 2} .2131105{col 43}{space 1}    2.47{col 52}{space 3}0.015{col 60}{space 4} .1045575{col 73}{space 3} .9470151
{txt}{space 13}1981  {c |}{col 20}{res}{space 2} .4783901{col 32}{space 2} .2206373{col 43}{space 1}    2.17{col 52}{space 3}0.032{col 60}{space 4} .0422839{col 73}{space 3} .9144963
{txt}{space 13}1982  {c |}{col 20}{res}{space 2} .4614121{col 32}{space 2} .2088988{col 43}{space 1}    2.21{col 52}{space 3}0.029{col 60}{space 4}  .048508{col 73}{space 3} .8743162
{txt}{space 13}1983  {c |}{col 20}{res}{space 2} .4846674{col 32}{space 2}  .209442{col 43}{space 1}    2.31{col 52}{space 3}0.022{col 60}{space 4} .0706896{col 73}{space 3} .8986452
{txt}{space 13}1984  {c |}{col 20}{res}{space 2} .5283769{col 32}{space 2} .2252805{col 43}{space 1}    2.35{col 52}{space 3}0.020{col 60}{space 4}  .083093{col 73}{space 3} .9736608
{txt}{space 13}1985  {c |}{col 20}{res}{space 2} .5901379{col 32}{space 2} .2295691{col 43}{space 1}    2.57{col 52}{space 3}0.011{col 60}{space 4} .1363773{col 73}{space 3} 1.043898
{txt}{space 13}1986  {c |}{col 20}{res}{space 2} .6515104{col 32}{space 2} .2302988{col 43}{space 1}    2.83{col 52}{space 3}0.005{col 60}{space 4} .1963076{col 73}{space 3} 1.106713
{txt}{space 13}1987  {c |}{col 20}{res}{space 2}  .676683{col 32}{space 2} .2417792{col 43}{space 1}    2.80{col 52}{space 3}0.006{col 60}{space 4} .1987882{col 73}{space 3} 1.154578
{txt}{space 13}1988  {c |}{col 20}{res}{space 2} .7595192{col 32}{space 2} .2554862{col 43}{space 1}    2.97{col 52}{space 3}0.003{col 60}{space 4} .2545317{col 73}{space 3} 1.264507
{txt}{space 13}1989  {c |}{col 20}{res}{space 2}  .810174{col 32}{space 2} .2669573{col 43}{space 1}    3.03{col 52}{space 3}0.003{col 60}{space 4} .2825129{col 73}{space 3} 1.337835
{txt}{space 13}1990  {c |}{col 20}{res}{space 2} .8568985{col 32}{space 2} .2861461{col 43}{space 1}    2.99{col 52}{space 3}0.003{col 60}{space 4} .2913092{col 73}{space 3} 1.422488
{txt}{space 13}1991  {c |}{col 20}{res}{space 2} .9715825{col 32}{space 2} .2903697{col 43}{space 1}    3.35{col 52}{space 3}0.001{col 60}{space 4}  .397645{col 73}{space 3}  1.54552
{txt}{space 13}1992  {c |}{col 20}{res}{space 2} 1.091163{col 32}{space 2} .3003758{col 43}{space 1}    3.63{col 52}{space 3}0.000{col 60}{space 4} .4974476{col 73}{space 3} 1.684878
{txt}{space 13}1993  {c |}{col 20}{res}{space 2} 1.349614{col 32}{space 2} .3145785{col 43}{space 1}    4.29{col 52}{space 3}0.000{col 60}{space 4}  .727826{col 73}{space 3} 1.971402
{txt}{space 13}1994  {c |}{col 20}{res}{space 2} 1.510736{col 32}{space 2} .3223644{col 43}{space 1}    4.69{col 52}{space 3}0.000{col 60}{space 4} .8735584{col 73}{space 3} 2.147913
{txt}{space 13}1995  {c |}{col 20}{res}{space 2} 1.701729{col 32}{space 2} .3315989{col 43}{space 1}    5.13{col 52}{space 3}0.000{col 60}{space 4} 1.046299{col 73}{space 3} 2.357159
{txt}{space 13}1996  {c |}{col 20}{res}{space 2} 1.688157{col 32}{space 2} .3634376{col 43}{space 1}    4.64{col 52}{space 3}0.000{col 60}{space 4} .9697956{col 73}{space 3} 2.406519
{txt}{space 13}1997  {c |}{col 20}{res}{space 2} 1.765081{col 32}{space 2} .3603987{col 43}{space 1}    4.90{col 52}{space 3}0.000{col 60}{space 4} 1.052726{col 73}{space 3} 2.477436
{txt}{space 13}1998  {c |}{col 20}{res}{space 2} 1.806218{col 32}{space 2} .3675943{col 43}{space 1}    4.91{col 52}{space 3}0.000{col 60}{space 4}  1.07964{col 73}{space 3} 2.532795
{txt}{space 13}1999  {c |}{col 20}{res}{space 2} 1.887246{col 32}{space 2} .3742128{col 43}{space 1}    5.04{col 52}{space 3}0.000{col 60}{space 4} 1.147586{col 73}{space 3} 2.626905
{txt}{space 13}2000  {c |}{col 20}{res}{space 2} 1.935309{col 32}{space 2} .3816928{col 43}{space 1}    5.07{col 52}{space 3}0.000{col 60}{space 4} 1.180865{col 73}{space 3} 2.689754
{txt}{space 13}2001  {c |}{col 20}{res}{space 2} 2.000546{col 32}{space 2} .3889552{col 43}{space 1}    5.14{col 52}{space 3}0.000{col 60}{space 4} 1.231747{col 73}{space 3} 2.769345
{txt}{space 13}2002  {c |}{col 20}{res}{space 2} 2.070277{col 32}{space 2} .3961688{col 43}{space 1}    5.23{col 52}{space 3}0.000{col 60}{space 4}  1.28722{col 73}{space 3} 2.853335
{txt}{space 13}2003  {c |}{col 20}{res}{space 2} 2.154823{col 32}{space 2} .4075059{col 43}{space 1}    5.29{col 52}{space 3}0.000{col 60}{space 4} 1.349357{col 73}{space 3} 2.960289
{txt}{space 13}2004  {c |}{col 20}{res}{space 2} 2.158539{col 32}{space 2} .4228882{col 43}{space 1}    5.10{col 52}{space 3}0.000{col 60}{space 4} 1.322669{col 73}{space 3} 2.994409
{txt}{space 13}2005  {c |}{col 20}{res}{space 2} 2.136157{col 32}{space 2} .4375964{col 43}{space 1}    4.88{col 52}{space 3}0.000{col 60}{space 4} 1.271215{col 73}{space 3} 3.001099
{txt}{space 18} {c |}
{space 13}_cons {c |}{col 20}{res}{space 2} .8098047{col 32}{space 2} 2.431459{col 43}{space 1}    0.33{col 52}{space 3}0.740{col 60}{space 4}-3.996156{col 73}{space 3} 5.615766
{txt}{hline 19}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
           sigma_u {c |} {res} 3.0513899
           {txt}sigma_e {c |} {res} .84809717
               {txt}rho {c |} {res} .92829004{txt}   (fraction of variance due to u_i)
{hline 19}{c BT}{hline 64}

{com}. margins, at (l.financial = (0 1) vdem = (0 (.1) 1))
{res}
{txt}{col 1}Predictive margins{col 58}{lalign 13:Number of obs}{col 71} = {res}{ralign 5:4,229}
{txt}{col 1}Model VCE: {res:Robust}

{txt}{p2colset 1 13 13 2}{...}
{p2col:Expression:}{res:Linear prediction, predict()}{p_end}
{p2colreset}{...}
{lalign 8:1._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:0}}
{lalign 8:2._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.1}}
{lalign 8:3._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.2}}
{lalign 8:4._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.3}}
{lalign 8:5._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.4}}
{lalign 8:6._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.5}}
{lalign 8:7._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.6}}
{lalign 8:8._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.7}}
{lalign 8:9._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.8}}
{lalign 8:10._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.9}}
{lalign 8:11._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:0}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:1}}
{lalign 8:12._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:0}}
{lalign 8:13._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.1}}
{lalign 8:14._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.2}}
{lalign 8:15._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.3}}
{lalign 8:16._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.4}}
{lalign 8:17._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.5}}
{lalign 8:18._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.6}}
{lalign 8:19._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.7}}
{lalign 8:20._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.8}}
{lalign 8:21._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:.9}}
{lalign 8:22._at: }{space 0}{lalign 11:L.financial} = {res:{ralign 2:1}}
{lalign 8:}{space 0}{lalign 11:vdem} = {res:{ralign 2:1}}

{res}{txt}{hline 13}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 14}{c |}{col 26} Delta-method
{col 14}{c |}     Margin{col 26}   std. err.{col 38}      z{col 46}   P>|z|{col 54}     [95% con{col 67}f. interval]
{hline 13}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 9}_at {c |}
{space 10}1  {c |}{col 14}{res}{space 2} .1350989{col 26}{space 2} .1425325{col 37}{space 1}    0.95{col 46}{space 3}0.343{col 54}{space 4}-.1442597{col 67}{space 3} .4144575
{txt}{space 10}2  {c |}{col 14}{res}{space 2} .1130706{col 26}{space 2} .1100284{col 37}{space 1}    1.03{col 46}{space 3}0.304{col 54}{space 4} -.102581{col 67}{space 3} .3287223
{txt}{space 10}3  {c |}{col 14}{res}{space 2} .0910424{col 26}{space 2} .0775287{col 37}{space 1}    1.17{col 46}{space 3}0.240{col 54}{space 4}-.0609112{col 67}{space 3} .2429959
{txt}{space 10}4  {c |}{col 14}{res}{space 2} .0690141{col 26}{space 2} .0450434{col 37}{space 1}    1.53{col 46}{space 3}0.125{col 54}{space 4}-.0192694{col 67}{space 3} .1572976
{txt}{space 10}5  {c |}{col 14}{res}{space 2} .0469858{col 26}{space 2} .0126827{col 37}{space 1}    3.70{col 46}{space 3}0.000{col 54}{space 4} .0221281{col 67}{space 3} .0718435
{txt}{space 10}6  {c |}{col 14}{res}{space 2} .0249576{col 26}{space 2} .0201627{col 37}{space 1}    1.24{col 46}{space 3}0.216{col 54}{space 4}-.0145605{col 67}{space 3} .0644756
{txt}{space 10}7  {c |}{col 14}{res}{space 2} .0029293{col 26}{space 2} .0525923{col 37}{space 1}    0.06{col 46}{space 3}0.956{col 54}{space 4}-.1001498{col 67}{space 3} .1060084
{txt}{space 10}8  {c |}{col 14}{res}{space 2} -.019099{col 26}{space 2}  .085083{col 37}{space 1}   -0.22{col 46}{space 3}0.822{col 54}{space 4}-.1858585{col 67}{space 3} .1476606
{txt}{space 10}9  {c |}{col 14}{res}{space 2}-.0411272{col 26}{space 2}  .117584{col 37}{space 1}   -0.35{col 46}{space 3}0.727{col 54}{space 4}-.2715877{col 67}{space 3} .1893333
{txt}{space 9}10  {c |}{col 14}{res}{space 2}-.0631555{col 26}{space 2} .1500888{col 37}{space 1}   -0.42{col 46}{space 3}0.674{col 54}{space 4}-.3573241{col 67}{space 3} .2310131
{txt}{space 9}11  {c |}{col 14}{res}{space 2}-.0851838{col 26}{space 2} .1825952{col 37}{space 1}   -0.47{col 46}{space 3}0.641{col 54}{space 4}-.4430639{col 67}{space 3} .2726963
{txt}{space 9}12  {c |}{col 14}{res}{space 2} -.611539{col 26}{space 2} .1946946{col 37}{space 1}   -3.14{col 46}{space 3}0.002{col 54}{space 4}-.9931333{col 67}{space 3}-.2299446
{txt}{space 9}13  {c |}{col 14}{res}{space 2}-.4872974{col 26}{space 2} .1594191{col 37}{space 1}   -3.06{col 46}{space 3}0.002{col 54}{space 4}-.7997531{col 67}{space 3}-.1748418
{txt}{space 9}14  {c |}{col 14}{res}{space 2}-.3630559{col 26}{space 2} .1285333{col 37}{space 1}   -2.82{col 46}{space 3}0.005{col 54}{space 4}-.6149766{col 67}{space 3}-.1111352
{txt}{space 9}15  {c |}{col 14}{res}{space 2}-.2388143{col 26}{space 2} .1059486{col 37}{space 1}   -2.25{col 46}{space 3}0.024{col 54}{space 4}-.4464698{col 67}{space 3}-.0311589
{txt}{space 9}16  {c |}{col 14}{res}{space 2}-.1145728{col 26}{space 2} .0976079{col 37}{space 1}   -1.17{col 46}{space 3}0.240{col 54}{space 4}-.3058808{col 67}{space 3} .0767352
{txt}{space 9}17  {c |}{col 14}{res}{space 2} .0096688{col 26}{space 2} .1068991{col 37}{space 1}    0.09{col 46}{space 3}0.928{col 54}{space 4}-.1998497{col 67}{space 3} .2191872
{txt}{space 9}18  {c |}{col 14}{res}{space 2} .1339103{col 26}{space 2} .1300979{col 37}{space 1}    1.03{col 46}{space 3}0.303{col 54}{space 4}-.1210768{col 67}{space 3} .3888975
{txt}{space 9}19  {c |}{col 14}{res}{space 2} .2581519{col 26}{space 2} .1613115{col 37}{space 1}    1.60{col 46}{space 3}0.110{col 54}{space 4}-.0580128{col 67}{space 3} .5743165
{txt}{space 9}20  {c |}{col 14}{res}{space 2} .3823934{col 26}{space 2} .1967619{col 37}{space 1}    1.94{col 46}{space 3}0.052{col 54}{space 4}-.0032528{col 67}{space 3} .7680397
{txt}{space 9}21  {c |}{col 14}{res}{space 2} .5066349{col 26}{space 2} .2345357{col 37}{space 1}    2.16{col 46}{space 3}0.031{col 54}{space 4} .0469534{col 67}{space 3} .9663165
{txt}{space 9}22  {c |}{col 14}{res}{space 2} .6308765{col 26}{space 2} .2736726{col 37}{space 1}    2.31{col 46}{space 3}0.021{col 54}{space 4} .0944881{col 67}{space 3} 1.167265
{txt}{hline 13}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{res}{txt}
{com}. marginsplot, x(vdem) l(95) graphregion(color(white))
{res}
{text}{p 0 0 2}Variables that uniquely identify margins: {bf:L.financial vdem}{p_end}
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. graph box ckaopen2010, over(democracy)
{res}{txt}
{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. logit sanction_onset ckaopen2010 vdem targ_pop_log targ_gdppc_log targ_gdpgrowth targ_mid targ_civ_war targ_cap lntrade_open dyear dyear2 dyear3, cl(ccode)

{res}{txt}Iteration 0:{space 2}Log pseudolikelihood = {res:-1316.3955}  
Iteration 1:{space 2}Log pseudolikelihood = {res:-1198.8531}  
Iteration 2:{space 2}Log pseudolikelihood = {res:-1192.8376}  
Iteration 3:{space 2}Log pseudolikelihood = {res:-1181.9822}  
Iteration 4:{space 2}Log pseudolikelihood = {res:-1091.7224}  
Iteration 5:{space 2}Log pseudolikelihood = {res:-1078.0551}  
Iteration 6:{space 2}Log pseudolikelihood = {res:-1077.5746}  
Iteration 7:{space 2}Log pseudolikelihood = {res:-1077.5746}  
{res}
{txt}{col 1}Logistic regression{col 57}{lalign 13:Number of obs}{col 70} = {res}{ralign 6:4,547}
{txt}{col 57}{lalign 13:Wald chi2({res:12})}{col 70} = {res}{ralign 6:637.17}
{txt}{col 57}{lalign 13:Prob > chi2}{col 70} = {res}{ralign 6:0.0000}
{txt}{col 1}{lalign 20:Log pseudolikelihood}{col 21} = {res}{ralign 10:-1077.5746}{txt}{col 57}{lalign 13:Pseudo R2}{col 70} = {res}{ralign 6:0.1814}

{txt}{ralign 80:(Std. err. adjusted for {res:145} clusters in {res:ccode})}
{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 16}{c |}{col 28}    Robust
{col 1}sanction_onset{col 16}{c |} Coefficient{col 28}  std. err.{col 40}      z{col 48}   P>|z|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ckaopen2010 {c |}{col 16}{res}{space 2} .0153221{col 28}{space 2} .0453062{col 39}{space 1}    0.34{col 48}{space 3}0.735{col 56}{space 4}-.0734763{col 69}{space 3} .1041206
{txt}{space 10}vdem {c |}{col 16}{res}{space 2} .5679168{col 28}{space 2} .2045562{col 39}{space 1}    2.78{col 48}{space 3}0.005{col 56}{space 4} .1669939{col 69}{space 3} .9688397
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2} .4905332{col 28}{space 2} .0539986{col 39}{space 1}    9.08{col 48}{space 3}0.000{col 56}{space 4} .3846979{col 69}{space 3} .5963686
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2} .2044768{col 28}{space 2} .0521779{col 39}{space 1}    3.92{col 48}{space 3}0.000{col 56}{space 4} .1022099{col 69}{space 3} .3067437
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2}-1.088073{col 28}{space 2} 1.023284{col 39}{space 1}   -1.06{col 48}{space 3}0.288{col 56}{space 4}-3.093674{col 69}{space 3} .9175274
{txt}{space 6}targ_mid {c |}{col 16}{res}{space 2} .3066552{col 28}{space 2} .1209096{col 39}{space 1}    2.54{col 48}{space 3}0.011{col 56}{space 4} .0696768{col 69}{space 3} .5436335
{txt}{space 2}targ_civ_war {c |}{col 16}{res}{space 2}-.0721744{col 28}{space 2} .1842355{col 39}{space 1}   -0.39{col 48}{space 3}0.695{col 56}{space 4}-.4332693{col 69}{space 3} .2889205
{txt}{space 6}targ_cap {c |}{col 16}{res}{space 2}  1.62819{col 28}{space 2} 1.607337{col 39}{space 1}    1.01{col 48}{space 3}0.311{col 56}{space 4}-1.522132{col 69}{space 3} 4.778512
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2} .2639399{col 28}{space 2} .0625028{col 39}{space 1}    4.22{col 48}{space 3}0.000{col 56}{space 4} .1414367{col 69}{space 3} .3864431
{txt}{space 9}dyear {c |}{col 16}{res}{space 2}-.1842338{col 28}{space 2} .0408165{col 39}{space 1}   -4.51{col 48}{space 3}0.000{col 56}{space 4}-.2642326{col 69}{space 3}-.1042349
{txt}{space 8}dyear2 {c |}{col 16}{res}{space 2} .0077247{col 28}{space 2} .0027257{col 39}{space 1}    2.83{col 48}{space 3}0.005{col 56}{space 4} .0023823{col 69}{space 3}  .013067
{txt}{space 8}dyear3 {c |}{col 16}{res}{space 2}-.0000874{col 28}{space 2} .0000483{col 39}{space 1}   -1.81{col 48}{space 3}0.070{col 56}{space 4}-.0001821{col 69}{space 3} 7.26e-06
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-4.541372{col 28}{space 2} .4988015{col 39}{space 1}   -9.10{col 48}{space 3}0.000{col 56}{space 4}-5.519005{col 69}{space 3}-3.563739
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}

{com}. 
{txt}end of do-file

{com}. do "/var/folders/l1/96k18b157kz6snvf93k1wcf80000gn/T//SD04046.000000"
{txt}
{com}. melogit sanction_onset ckaopen2010 vdem targ_pop_log targ_gdppc_log targ_gdpgrowth targ_mid targ_civ_war targ_cap lntrade_open dyear dyear2 dyear3 || ccode:
{res}{txt}
Fitting fixed-effects model:

Iteration 0:{space 2}Log likelihood = {res:-1192.2331}  
Iteration 1:{space 2}Log likelihood = {res: -1079.994}  
Iteration 2:{space 2}Log likelihood = {res:-1077.5826}  
Iteration 3:{space 2}Log likelihood = {res:-1077.5746}  
Iteration 4:{space 2}Log likelihood = {res:-1077.5746}  

Refining starting values:

Grid node 0:{space 2}Log likelihood = {res:-1103.4104}

Fitting full model:
{res}
{txt}Iteration 0:{space 2}Log likelihood = {res:-1103.4104}  (not concave)
Iteration 1:{space 2}Log likelihood = {res:-1090.5155}  (not concave)
Iteration 2:{space 2}Log likelihood = {res:-1079.2566}  
Iteration 3:{space 2}Log likelihood = {res:-1078.4089}  
Iteration 4:{space 2}Log likelihood = {res:-1077.7091}  
Iteration 5:{space 2}Log likelihood = {res:-1077.5723}  
Iteration 6:{space 2}Log likelihood = {res:-1077.5722}  
{res}
{txt}Mixed-effects logistic regression{col 49}{txt}Number of obs{col 67}={res}{col 69}     4,547
{txt}Group variable: {res}ccode{col 49}{txt}Number of groups{col 67}={res}{col 69}       145

{col 49}{txt}Obs per group:
{col 63}{txt}min{col 67}={res}{col 69}         8
{col 63}{txt}avg{col 67}={res}{col 69}      31.4
{col 63}{txt}max{col 67}={res}{col 69}        40

{txt}Integration method: {res}mvaghermite{col 49}{txt}Integration pts.{col 67}={col 78}{res}7

{col 49}{txt}Wald chi2({res}12{txt}){col 67}={res}{col 70}   401.15
{txt}Log likelihood = {res}-1077.5722{col 49}{txt}Prob > chi2{col 67}={res}{col 73}0.0000
{txt}{hline 15}{c TT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}sanction_onset{col 16}{c |} Coefficient{col 28}  Std. err.{col 40}      z{col 48}   P>|z|{col 56}     [95% con{col 69}f. interval]
{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{space 3}ckaopen2010 {c |}{col 16}{res}{space 2} .0154759{col 28}{space 2} .0478156{col 39}{space 1}    0.32{col 48}{space 3}0.746{col 56}{space 4}-.0782409{col 69}{space 3} .1091927
{txt}{space 10}vdem {c |}{col 16}{res}{space 2} .5686777{col 28}{space 2} .2499112{col 39}{space 1}    2.28{col 48}{space 3}0.023{col 56}{space 4} .0788607{col 69}{space 3} 1.058495
{txt}{space 2}targ_pop_log {c |}{col 16}{res}{space 2} .4915231{col 28}{space 2} .0576519{col 39}{space 1}    8.53{col 48}{space 3}0.000{col 56}{space 4} .3785276{col 69}{space 3} .6045187
{txt}targ_gdppc_log {c |}{col 16}{res}{space 2} .2047469{col 28}{space 2} .0665494{col 39}{space 1}    3.08{col 48}{space 3}0.002{col 56}{space 4} .0743125{col 69}{space 3} .3351812
{txt}targ_gdpgrowth {c |}{col 16}{res}{space 2}-1.095058{col 28}{space 2} 1.081457{col 39}{space 1}   -1.01{col 48}{space 3}0.311{col 56}{space 4}-3.214674{col 69}{space 3} 1.024558
{txt}{space 6}targ_mid {c |}{col 16}{res}{space 2} .3064009{col 28}{space 2}  .126289{col 39}{space 1}    2.43{col 48}{space 3}0.015{col 56}{space 4} .0588791{col 69}{space 3} .5539228
{txt}{space 2}targ_civ_war {c |}{col 16}{res}{space 2}  -.07032{col 28}{space 2} .1844424{col 39}{space 1}   -0.38{col 48}{space 3}0.703{col 56}{space 4}-.4318205{col 69}{space 3} .2911804
{txt}{space 6}targ_cap {c |}{col 16}{res}{space 2}  1.64298{col 28}{space 2} 2.447186{col 39}{space 1}    0.67{col 48}{space 3}0.502{col 56}{space 4}-3.153417{col 69}{space 3} 6.439377
{txt}{space 2}lntrade_open {c |}{col 16}{res}{space 2}  .264405{col 28}{space 2} .0702037{col 39}{space 1}    3.77{col 48}{space 3}0.000{col 56}{space 4} .1268082{col 69}{space 3} .4020018
{txt}{space 9}dyear {c |}{col 16}{res}{space 2}-.1834609{col 28}{space 2} .0450583{col 39}{space 1}   -4.07{col 48}{space 3}0.000{col 56}{space 4}-.2717736{col 69}{space 3}-.0951481
{txt}{space 8}dyear2 {c |}{col 16}{res}{space 2} .0076931{col 28}{space 2} .0029316{col 39}{space 1}    2.62{col 48}{space 3}0.009{col 56}{space 4} .0019473{col 69}{space 3}  .013439
{txt}{space 8}dyear3 {c |}{col 16}{res}{space 2} -.000087{col 28}{space 2} .0000512{col 39}{space 1}   -1.70{col 48}{space 3}0.089{col 56}{space 4}-.0001872{col 69}{space 3} .0000133
{txt}{space 9}_cons {c |}{col 16}{res}{space 2}-4.551544{col 28}{space 2} .6798298{col 39}{space 1}   -6.70{col 48}{space 3}0.000{col 56}{space 4}-5.883986{col 69}{space 3}-3.219102
{txt}{hline 15}{c +}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{col 1}{res}ccode         {col 16}{txt}{c |}
{space 5}var(_cons){c |}{col 16}{res}{space 2} .0037518{col 28}{space 2} .0553704{col 56}{space 4} 1.03e-15{col 69}{space 3} 1.37e+10
{txt}{hline 15}{c BT}{hline 11}{hline 11}{hline 9}{hline 8}{hline 13}{hline 12}
{txt}LR test vs. logistic model: {txt}{help j_chibar##|_new:chibar2(01) =}{res} 4.7e-03{col 55}{txt}Prob >= chibar2 = {res}{col 73}0.4726
{txt}
{com}. 
{txt}end of do-file

{com}. log close
      {txt}name:  {res}<unnamed>
       {txt}log:  {res}/Users/LeeJoonHyeok/Desktop/Financial Liberalization/Replication log.smcl
  {txt}log type:  {res}smcl
 {txt}closed on:  {res}23 Nov 2023, 13:29:10
{txt}{.-}
{smcl}
{txt}{sf}{ul off}